未必一定是这样, 如果用百年的时间来衡量话.

how about America in civil war? It did not stop its industrial revolution.

In Rogers' mind, that China is in similar process as America in the last 100 years or so.

My friend met him in China. They have talked about investment horizon. My friend then told me, I was planing stock investment quarter by quarter, he is planning for next 50 years.

We all have different hotizon, I guess.