The World Is CHANGING - Again!

Thomas Rowe Price, founder of the eponymous mutual fund giant, opined famously that “Change is the investor’s only certainty.” As our thoughts ramble back across the eons, a startling range of famous change agents parade before our mind’s eye: The taming of fire; the first tradesman to hitch a wheeled wagon to a camel; the Code of Hammurabi (rule of law); the Exodus from Egypt and the carpenter from Nazareth; the Battle of Hastings; Adam Smith’s Wealth of Nations; the American Revolution; the Crash of ’29; D Day; the integrated circuit (microchip); and we are tempted to add, subject to revision, the collapse of Lehman Brothers.