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Chapter 7. Decision-Making > The Innovator’s Dilemma

The Innovator’s Dilemma

Clayton M. Christensen, author of The Innovator’s Dilemma, understands Trend Following. What Christensen understands, like trend followers, are the concepts of odds and reactions:

“They were looking at the book [Innovator’s Dilemma] for answers rather than for understanding. They were saying ’tell me what to do’ as opposed to ’help me understand so I can decide what to do.’. . .[Wall Street analysts] are theory-free investors. All they can do is react to the numbers. But the numbers they react to are measures of past performance, not future performance. That’s why they go in big herds. Wall Street professionals and business consultants have enshrined as a virtue the notion that you should be data-driven. That is at the root of the inability of companies to take action in a timely way.”[21]


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