If you’re interested in seeing evolution at work before your very eyes, pull out your cell phone. Most likely it’s not the same phone you had a couple of years ago. It probably has more features, streams video faster, and basically functions as your assistant.
But let’s say that you stopped updating your phone in 2005. Of course you’d have phone service (which you’d need in order to call someone for directions since you wouldn’t have any GPS on your phone). But you wouldn’t have a touchscreen. You wouldn’t have any apps either, so forget about making reservations on the fly, using your phone to update your status or tracking your fitness goals.
Basically, your cell phone would still work; it just wouldn’t work to its full potential.
So what does this have to do with investment strategy?