Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (53614)	9/23/2004 1:23:26 PM
From: Seeker of Truth	Read Replies (1) of 74559

Hi Jay, I know why you got out. A wise man, I sort of forget his name --- it was something like Jen Chay, I don't remember clearly. Anyway he pointed out that technology is self annihilating. Invention X leads quickly to Invention X' which is a cheaper version, introduced by a different organization, and this catalyzes the birth of Invention X" which is better than either X or X' etc. etc. Also the people on the inside of these great little companies don't have a clear idea about whether or not the product they are developing will actually have every property they are hoping for. Certainly they don't really know how the user public will receive it, etc. So you got out of EMA with a tiny but quick profit, because you once listened to that same wise man and remembered his salient points. Good move. Chugs. MB

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