Changing Economy Changing Market - PowerPoint PPT Presentation

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  1. Changing Economy Changing Market • Leonard S. Hyman, CFA • Senior Advisor • Black & Veatch • SURFA • 29 April 2010

  2. Any attempt to base today’s • actions and commitments on • predictions of future events • is futile. The best we can • hope to do is to anticipate • future effects of events • which have already • irrevocably happened. • -- Peter Drucker

  3. Capitalism ... is... a ... method of • economic change • and not only never is • but never can be stationary... • the same process of industrial mutation... • that incessantly revolutionizes the • industrial structure from within , • incessantly destroying the old one, • incessantly creating a new one. • This process of Creative Destruction • is the essential fact about capitalism. • -- Joseph Schumpeter