Debating the "Growth Trap"
Editor's Note: In BusinessWeek's Feb. 14, 2005, issue Chief Economist Michael J. Mandel reviewed The Future for Investors, the latest book from author Jeremy J. Siegel, a finance professor at the University of Pennsylvania's Wharton School of Business. Mandel liked the book overall, praising it as provocative, valuable, and "well worth reading." But he took issue with one of its central tenets, that investors fare better by sticking with the "tried and true" than by gravitating toward the "bold and new" in technology and innovation.
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