It's not exponential, it's sigmoidal
radar.oreilly.com
radar.oreilly.com
Since calling a real-world trend "exponential growth" is always an approximation, pointing out that it's actually "approximately sigmoidal growth, i.e. only approximately exponential until it flattens out sometime in the eventual future" is (you guessed it) a redundant waste of breath.
And to say that pointless pedantry is the same as "mathematical literacy" is even sillier.
Talking about "exponential growth" often leads people into unrealistic hyperbole. Of course, by "people" I mean marketers, investment advisors, and headline writers at Business Week...not us rational computer scientists!
That growth eventually slows is a very very simple point, but it's important to never forget. Maybe everybody is making this too complicated because Saul Griffith is supposed to be a 'genius' now?
Am I the only one who gets tired of sweeping bullshit generalizations like this? I can't believe people will pay to hear this kind of nonsense.
He isn't actually saying anything you can rebut.
Some valuations for .com companies at the end of the 20th century did seem to have factored this expectation into their analysis.