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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Hiram Walker who wrote (346)	2/26/1998 12:39:00 PM
From: JMD	Read Replies (3) \| Respond to of 5853

Hiram, what a great article--thank you for posting. Hate to be crude about it but how does one go about making money on the wisdom here? What companies logically flow from the information? For example, who makes those mini-laser cells that seem to be the only real note of pure innovation that gets the author's attention? Thanks again for posting. Mike Doyle

To: Hiram Walker who wrote (346)	3/7/1998 2:44:00 PM
From: George Gilder	Read Replies (2) \| Respond to of 5853

I agree that it is an excellent article (I regard Steinberg as the only writer who does what I do: distill the paradigms from the clutter of technological noise). But if I may be captious--in the probably vain assumption that I am that gullible "Uncle George" in the beginning of the article hyping the predictable drone of technology progress as if it were miraculous--let me cavil. As long as Steinberg faithfully follows the Gilder paradigm, as he does for most of the article, he is correct. When he projects himself so far above the fray that progress becomes "automatized" in the Shumpeterian sense, he makes the same crippling mistake that Galbraith made predicting a new ascent of socialism in the New Industrial State. That "automatized" progress is the product of scores of thousands of heroic entrepreneurial actions in the face of risk and it is predictable only at a level so exalted as to be irrelevant for mere humans.