My bookmarks

Pins are saved using cookies. Deleting them from your browser will delete your preferences.


Why Life Seems Faster

03 August 2018

Does it seem like technology is moving faster over time? It’s not your imagination; it is. Innovations are being developed more quickly and diffusing through our society more quickly than ever before with dramatic consequences for economic growth and investing.

Adoption of Innovations among U.S. Households

- By 1900, the stove had reached 10% penetration of U.S. households; it would be another 60 years before it reached 100% penetration. Newer technological innovations such as the internet, smartphone and social media achieved majority penetration in a fraction of the time.

- As we wrote in The Enduring Force of Innovation, technological advances occur at an exponential rate, which means the rate of change is accelerating. This causes newer innovations to develop more quickly and become adopted by society faster.

- The exponential growth of innovation should inspire confidence in the bigger picture of growth through innovation without having to predict the next invention or becoming overly concerned with the ebb and flow of economic cycles.

- Because the rate of change is increasing, value stocks that appear cheap may simply be victims of change while growth stocks, the purveyors of change, may benefit.

Download Alger On the Money

La Française Group provides access to the expertise of a number of asset management companies around the world. To provide you with the most relevant information, we have developed an interface to present the full range of products available for your investor profile and country of residence.

Present yourself


Your country of residence

Your language

Your profile

By continuing browsing on this website, you accept the use of cookies and other tracing devices s as to allow you to receive information suited to your profile, facilitate information sharing on social networks, guarantee the best browsing experience possible and to create statistics. To find out more, we invite you to consult our Privacy and Cookies policy. Find out more.