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The Innovation Economy at the Churchill Club

Posted by: Michael Mandel on March 11

The panel I ran at the Churchill Club in Silicon Valley is here.

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Reader Comments


March 12, 2009 01:33 AM

I saw it. Good content.

Michael has a better voice than I imagined. Prior to this, I was expecting him to sound like Rick Moranis.

Joe Cushing

March 12, 2009 10:53 AM

One of the panelists talked about how wrong we are for short sited quarter by quarter investment and talked up long term investment. She talked about how this investment is motivated by greed--the desire to make money fast. This is a something I have been hearing a lot lately. It's important to remember there is another reason people like short term investments. The reason often gets overlooked. There is much less risk in short term investment from the viewpoint of the investor. In the short term, investors can see where their return is going to come from. I think this is the primary motivation for this type of investment--not the supper greed make money fast idea.

We may be at a time were American culture shifts to a focus long term. Over focusing on long term investment can have many of the same problems as over focusing on the short term. If you think about it, the Dot Com bubble was a long term investment bubble. People were willing to invest lots of money in an idea that had no foreseeable payout in the near future.

What a society needs is a balance between the two. You need to make money today but you also need to look for new ways to make money tomorrow. Swinging your focus too far in either direction can cause disaster.

Thank you for your interest. This blog is no longer active.



Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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