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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote ()1/23/2000 9:13:00 AM
From: erickerickson  Read Replies (1) of 54805
 
Book about "discontinuous innovation" in the sciences.

Ok, I'm reaching here. But a couple of years ago, I read "The Structure of Scientific Revolutions" by Thomas S. Kuhn. Kuhn at least popularized, if not coined, the term "paradigm shift". He argues that most scientists spend the vast majority of their time doing "ordinary science". That is, refining current theory or explaining why anomalous results are experimental error. and that is as it should be.

When there becomes an overwhelming set of anomalies that cannot be explained by experimental error, then and only then should alternative theories be seriously considered.

How does this relate to the GG? Glad you asked. The GG model talks about "early adopters", and "the herd". Indeed, a tornado only occurs when "the herd" rushes to adopt all at once. Folks who adopt a new technology earlier do so because they're in enough pain to risk it. This is similar to the "experimental anomalies" that put scientific practitioners in enough pain that they would seriously explore a different paradigm.

I guess the point is that, if I stretch, I can find interesting parallels between Kuhn's book and the technology adoption life cycle. I'm wondering if Kuhn's book and the GG express a deeper principle in two different realms. If so, I get credit for "the unified principle of science and investing" <G>.....

It must be Sunday morning <G>...

Erick
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