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Latest Issue

What Will Not Change

October 30, 2020

“If I have seen further it is by standing on the shoulders of Giants.”

—Sir Isaac Newton, 1675

“If I have seen further it is by standing on the shoulders of Giants.”

—Sir Isaac Newton, 1675

If you feel a bit overwhelmed, you’re not alone. A lot is happening right now. The US has a big election next week. We’re all on edge about the pandemic, which appears to be getting worse again, not just in the US but in most of the world. Germany and France are closing some businesses again and restrictions are rising in the US, too. This is hitting markets as investors see recovery sliding farther into the future.

All that is important, and I’m sure next week we will talk about whatever happens in the election. But today I want to look at what will not change. And though I will make a few comments on the election below, I want us to think today about what we can look forward to with an optimistic and realistic vision.

We can do this because something hasn’t stopped: human innovation. I keep saying that the business owners hurt by this pandemic will be back. People with the talent and drive to launch new enterprises won’t stop doing so, just like dogs keep barking. It’s just what they do.

But it goes beyond business owners. Human nature drives us to break through the barriers standing between us and our deepest desires. Faced with problems, we find solutions. And faced with new problems, we find new solutions. This process never stops. It is at work even now, sometimes visibly but...

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