I'm glad to see that there are some 'non-sheep' among the crowd.
I have heard the same argument in various forms literally hundreds of times; "If it's so good, why isn't IBM, or BMC, (or whoever) doing it.", "No little company can compete with these big companies." Yadah, yadah, yadah.
Has anyone been paying attention?
To the best of my knowledge, technology in the U.S. over the past ten years is noit only the best example, but actually the ultimate proof of the concept that small companies can in fact compete against big companies, make their founders and early investors quite wealthy in the process, re-shape the landscape they move into, and sometimes become, themselves, quite large.
If one has the ability to really understand technology, the best way to leverege that expertise is by identifying the small companies whose technology is compelling.
If one does not have such abilities, the best way to participate in the up-side of technology is by investing in well established, highly valued companies on a continuing growth path.
The former is much more difficult than the latter, but yields returns which are at least an order of magnitude greater. |
