The Boring Age: Is There Really As Much Innovation As We Think?

Original source: SimoleonSense.com .

I have to thank Paul Kedrosky for finding this article, it makes me think of many things. Primarily, that us value investors still have hope that is value investors focusing on rather dull, boring, not so sexy businesses.

Click Here To Read: The Boring Age: Is There Really As Much Innovation As We Think?

Excerpt (Via Paul Kedrosky)

We like to believe we live in an era of unprecedented change: technological innovation is proceeding at a rate with no parallel in all of human history. The information revolution and globalization are radically disruptive. Just as Barack Obama would like to be a transformational President, so the rest of us like the idea that we live in a thrilling epoch of transformation. But the truth is that we are living in a period of stagnation.

Surprisingly, this stasis is most evident in an area where we assume we are way ahead of our predecessors: technology. In fact, the gadgets of the information age have had nothing like the transformative effects on life and industry that indoor electric lighting, refrigerators, electric and natural gas ovens and indoor plumbing produced in the early to mid-20th century. Is the combination of a phone, video screen and keyboard really as revolutionary as the original telephone, the original television set or the original typewriter was?

Click Here To Read: The Boring Age: Is There Really As Much Innovation As We Think?