Mar

16

Evolution, from anonymous

March 16, 2017 |

I found the article in the link quite thought provoking in relation to the rise and decline of tradeable regularities in markets.

"Evolution Runs Faster on Short Timescales"

anonymous writes: 

Here is another new paper that has similarly provocative ideas regarding evolution of science/technology and which was recently highlighted by Greg Mankiw as an explanation for the decline in productivity in developed economies.

The Stanford paper is not as gloomy (nor politically charged) as Robert Gordon's work.

All of these papers share a common theme: The low hanging fruit of technology and human progress has been picked. If you subscribe to this viewpoint, then you are probably not long the QQQ … or anything else that is bullish on humanity.

Regardless, the notion of diminishing marginal returns seemingly extends throughout the natural world…


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