Chumpterarian Economics

Schumpeter showed that economic development undergoes waves of creative destruction. Innovation peaks and then declines, with a rise precipitated by some new radical technology.

https://blog.oceanprotocol.com/creative-destruction-how-to-prepare-for-the-paradigm-shift-49efd34e0fd8

Borrowing Chump Lady’s terminology of Chumped for the cheated, you’ve gotta realise that you’re just at the trough, and this is a spur for something better.

Unfortunately, neither romance nor economic progress is a nice linear path upwards ad-infinitum. There will be unpleasant times, when life evolves and mutates. To have to regress and see progress unravel before our eyes is never an easy feat. Take heart, though, that it is only when the outdated and obsolete are washed away that something new can emerge through continued investment.

And always realise that the trajectory, despite the vicissitudes present, is always towards the up and right.

Stonks always go up. Broken hearts always heal. Cheaters always get their karma.

Not investment advice btw!

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