Investment Megatrends
Chapter One
UNDERSTANDING
THE POWER
OF DEMOGRAPHIC
TRENDS
It took us a long time to realize the power of demographic trends
on Wall Street. We are in good company because throughout
history, few-if any-civilizations have understood the potential
power of such trends, even if they compiled demographic statistics.
The governments of ancient Egypt, Rome, and China all collected
demographic data; their scope, however, was very limited.
They counted their population so they would know how many people
they could put in their military and how many people they
could tax. Although in these respects, demographic surveys have
been around since ancient times, the real foundation for demographics
was set in the 1600s. It was then that governments moved
beyond simply counting the living for tax a ... read full excerpt from Investment Megatrends ebook
