The point is always to gain an edge, but my point wasn't that technology will give anyONE an advantage; it has, and will increasingly change how many things are done, in what amount of time from where and by whom.
My point was simply that the rapid growth and implementation of technology will have profound changes (most of which can't be predicted) throughout society. (Heck, it was only a year ago or so that analysts believed that having no physical infrastructure was a big advantage to e-tailers.) I only noted to Wayne that infrequent, significant changes generally result in dislocations in financial markets. Investors overestimate, or fail to understand, the potential, timing and end result of the technology, invention, etc. A great deal if malinvestment takes place, much of which is just wasteful, but some of which will provide benefits to all--at the financial expense of the overwhelming majority of early investors. |
