Looking for the losers from technological change is a more certain and profitable business than trying to pick the winners, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. This article is reproduced with the author's permission.  

Markets have poor scorecard for spotting AI losers When a groundbreaking new technology arrives, it’s often easier to spot the losers than the winners, says the author and investo...