The odds of that are low—new technology increases the overall wealth of society, after all. Yeah, I might lose some if I invest in the wrong fields, but if I invest in index funds, the mint made by a company with a really good new idea will outstrip the losses from the buggy-whip companies.
The odds of that are low—new technology increases the overall wealth of society, after all. Yeah, I might lose some if I invest in the wrong fields, but if I invest in index funds, the mint made by a company with a really good new idea will outstrip the losses from the buggy-whip companies.