Rating: 
Summary: Scientific advances are increasing exponentially
Review: Waite presents a fascinating description of how the coming (next 25 years) technological advances will have a tremendous influence on the economy, stock market, and our lives. Businesses must be flexible enough to change with the times, or may not survive. The change in the companies that comprise the Dow Jones Industrual Average changed drastically over the years, and the trend will continue. The majority of stocks currently listed in the Standand & Poors top 500 companies will no longer exist 25 years from now. The process of creative destruction will allow those companies benefiting from yet-to-be-invented technologies to grow at amazing rates, replacing those business that fail to keep pace. Noting that more welath was created during the past 100 years than in all previous history combined, Waite feels the rate of wealth creation will accelerate, with the next 25 years producing more wealth than was created during the entire 20th century. The Industrial Revolution was made possible by technologies generated from Newtonian physics, and our future will be enhanced with inventions from quantum based technologies.
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