Copy the best practices or inventing a new thing?
Today’s “best practices”
lead to dead ends; the best paths are new and untried
Peter Thiel
In his excellent book Zero to One, Thiel says there are two ways to improve
Copy something that
works somewhere and do it everywhere— Globalization
Inventing something new,
create a new path a better solution – Technology
In the last 10 years
who has done better countries that copy best practices or the ones where people
are engaged in inventing the future?
In the last 10 years Nasdaq is up 119% in USD, S&P up 53,77%, German Dax up 44% in USD and for example the mexico Index IPC is up 14% in USD. My country Portugal the stock index is down 62% in the last 10 years.
These numbers are without dividends but i don't think it changes the picture a lot.
What is the conclusion? If you can build a new path. It pays. Do it
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