Being both an oil trader and financier and tech investor, I am frequently asked about my general views on the oil and tech sectors at large given the ever changing financial and political disturbances out there.
Well for a start, you might think that tech is today in a bubble as a company whose sole product is a photo sharing app in which the pictures get deleted after they are shared just turned down $3 billion.
Maybe.... But the reality is that even if there is a bubble in the making there are really no consequences. Unlike the late 90s, technology is now established. If one company blows up, other entrepreneurs will start a new one or join someone else. So If you really think about it, the cost of failure has never been so low, ever.
Take a look at the Fortune 500 2013 - Fortune on CNNMoney.com. There are hardly any software companies on there. Google is #55 with a $52.2B in annual revenue. Facebook is barely hanging on at #482 with $5.1B in revenue. The largest electronics company is Apple at #6 with $156.5B in revenue. The second largest is Hewlett-Packard at #15 with $120.4B
Read More:The Tech and Software Sector is to Eating the World ?
ziad k abdelnour