FYI: Memes are simple ideas that sometimes take hold and change the world. A successful meme creates a viral pattern that is replicated over and over again. Each person in the cycle embraces and applies the meme as though it was their own.
Memes are more than ideas, they can become mandates for living.
Finance has undergone two major cycles of transformation under this principle over the last 100 years and a third more recently. In each, a piece of influential writing served as the catalyst or milestone in the origin and development of the revolutionary concept. Likewise, a related product or invention was introduced or evolved to become the idea’s main driver. On rare occasions, these developments happen almost simultaneously, though most ideas that become
Regards,
Ted
https://blogs.cfainstitute.org/investor/2018/04/25/investing-past-present-and-future/-
