Value Investing in an Environment of Accelerating Technological Change by Victor Wendl, WENDL Financial
The director of research at Google, Ray Kurzweil, wrote a book a number of years ago titled The Singularity. It is a point in the not-too-distant future where the fields of genetics, nanotechnology and robotics will advance to such a level that our own biological limitations will be enhanced beyond recognition. These technologies are accelerating at an exponential rate, where each stage in the progression over a fixed time interval results in a doubling from the previous level. Leaps in...