I’ve been looking for a decent treatise for my sons, which explains the interrelationships of technology, marketplaces, and wealth. I recently found a book by Andy Kessler called, “How We Got Here”, that does an admirable job providing a pragmatic view of these seemingly complex relationships. Kessler sums up his five lessons learned as follows:
1) Lower prices drive wealth
2) Intelligence moves out to the edge of the network
3) Horizontal beats vertical
4) Capital sloshes around seeking its highest return
5) The military drives commerce and vice versa