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River Twice Research
It's often been said that the most dangerous words on Wall Street are "this time it's different."
Time and again, people declare that we've entered a new era free of old problems, and time and again, they're wrong. But equally dangerous is the belief that there is nothing new under the sun. More than two thousand years ago, the Greek philosopher Heracleitus argued that the only constant of life is change and that flux and motion are what propel the world.He also described what would later be known as "creative destruction," the idea that nothing shifts without tension and that every innovation is both creative and disruptive.
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Zachary Karabell
Zachary Karabell is President of River Twice Research, where he analyzes economic and political trends.
He is also a Senior Advisor for Business for Social Responsibility. Previously, he was Executive Vice President, Head of Marketing and Chief Economist at Fred Alger Management, a New York-based investment firm, and President of Fred Alger and Company, as well as Portfolio Manager of the China-US Growth Fund, which won both a Lipper Award for top performance and a 5-star designation from Morningstar. He was also Executive Vice President of Alger's Spectra Funds, a no-load family of mutual funds that launched the $30 million Spectra Green Fund, which was based on the idea that profit and sustainability are linked. At Alger, he oversaw the creation, launch and marketing of several funds, led corporate strategy for acquisitions, and represented the firm at public forums and in the media.
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