Monday, September 5, 2011

America Is Still A Great Engine of Innovation and Growth: The U.S. Is Still The Biggest Buy of All

Cato's Dan Griswold points to this great quote in Barron's from Alger CEO Dan Chung (alternate link here):

"America is not a stagnant country. We have a relatively youthful population. Our technology and media industries are the envy of the world, and the Internet is most dynamic in those areas. Europe, China and Japan, for all their attempts, have not been able to replicate our success in innovation of technology and media. We are still a great engine of innovation and growth. While it doesn't make the whole sector or all the stocks a Buy, it does make our country a Buy."

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