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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

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Nov 28 4:00 PM EST

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To: arun gera who wrote (21080)	8/11/2007 6:47:38 PM
From: energyplay	Read Replies (2) of 218075

I don't think anyplace has a monopoly on smart kids. Look at what is happening now - Smart kids from the US (Google) invest in smart kids in China (Baidu). If the kid is so smart, why would they sell out their struggling start up cheap to some buyer ? Look at the Hotmail story, an extremely smart guy from India and a US engineer started a company, successfully deal with Venture Capitalists, and then held out as Microsoft had to bid more and more and more ...until they got a price of 500 million. **** Japan has managed to significantly reduce the effectiveness of their innovators. I don't think China will go that direction. Russia and various parts of Europe have made innovation more difficult, and these people sometimes go somewhere else. As TJ has pointed out, Singapore does something that makes people more risk adverse, so that there is far less innovation coming from Singapore than demographics and education would indicate. I expect China will have a large group of thinkers and inventors, as will India. People from the Mumbai area tell me that they are more creative and more enterprising than people in other parts of India...;-) Is that true ? If so, why ?

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