Three days before Thomas Edison demonstrated to the world his invention of the electric light bulb, a famous engineering professor predicted a “conspicuous failure.” He actually wrote a letter, published on the front page of The New York Times, claiming that Edison’s light bulb lacked “utility.”
Even highly intelligent and educated people often have an instinctive resistance to the possibility of radical change.
Human beings tend to assume continuation of the status quo. Behavioral economists call this “status quo bias.”
Successful investors, on the other hand, are typically adept at setting aside their emotions. They understand they must anticipate change and align their investment choices accordingly.
Thanks to Artificial Intelligence (AI) and other innovations, the world is in the early stages of a technological revolution that is in many ways as radical as the one kicked off by Thomas Edison, when he invented the light bulb in 1879.
In our latest 76report, we detail a new position we have just added to our American Resilience Model Portfolio as a recommended long-term holding.
This is a well-established, high quality industrial stock that we view as exceptionally well-positioned to capitalize on critical and enduring technological changes that are now reshaping our economy.
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