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Loewy “believed that consumers are torn between two opposing forces: neophilia, a curiosity about new things; and neophobia, a fear of anything too new. As a result, they gravitate to products that are bold, but instantly comprehensible.” Any innovation too far ahead of the curve gets rejected by much of the public.
How Not to Invest: The ideas, numbers, and behavior that destroy wealth—and how to avoid them
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