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.
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.
By the same
token, and for the sake of argument, I don't think that the tech and software
sector is even close to eating the world.
Read More: What Makes the World Go Round?
Thank you,
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