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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.48+0.3%Nov 5 4:00 PM EST
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To: Follies who wrote (54150)6/14/2000 9:20:00 PM
From: Benkea  Read Replies (1) of 99985
 
dale:

"And productivity gains are never given back. Once we learn how to do something cheaper, faster , better, we never forget that and go back to doing it the old way."

Yep, the early adopters of the technology enjoy large margins (if you ignore huge cap-ex and er: R&D), but when everyone finally gets it, competition insures that margins contract until the next "new new thing".
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