Capital Markets Autumn 2020
Accelerating Change Style Wars
I • Innovation is accelerating across many areas of the economy, causing new products and services to diffuse through society faster and disrupt businesses at a greater pace • This may be a tailwind to growth companies, which we believe are the drivers of innovation, and a headwind to value stocks, which may be victims of change
Years from Market Entry to 50% Penetration
Years to Reach 1 Billion Users
Source: Asymco, Visual Capitalist, company disclosures, Alger estimates.
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