Polar waits for thaw

That said, there is almost no sector that over the long-term has delivered equal returns, and is so geared to growth in global GDP, he says ”It is cyclical, but it is able to reinvent itself constantly.” Examples of this evolutions includes the focus on office copiers in the 1960s and 1970s, through PCs in the 1980s, into communications technology in the 1990s. The danger to investors is either they do not recognise this process of reinvention over time, and that they only look to invest in technology during the boom years, without doing their homework in the quiet periods ahead of...