INSIGHTS
MAR
12
COSTA’S CORNER
“You say it's your birthday
It's my birthday too, yeah
They say it's your birthday
We're gonna have a good time
I'm glad it's your birthday
Happy birthday to you”
Still the best birthday song ever written by the Beatles from their “White Album”.
Originally, I was going to write about the anniversary of the Bull Market which we are celebrating cautiously this week until I realized a much more significant anniversary was today, the founding of the World Wide Web.
The Web has changed the course of history like few technologies before it and it has become the most ubiquitous influence in more than half the world’s population. It has literally changed the World around us and continues to change the World we live in.
With all the good that the Web has done there is almost an equal amount of bad as well. This is the price you pay for a technology that is so transformative I don’t think people truly understand the impact it has had and will continue to have on society.
Cottage industries have developed just trying to stay ahead of the people that want to take advantage of this open access we now accept as the norm.
Governments spend great resources hacking other governments and trying to protect their own information. Companies hire firms to combat the almost daily attacks on their data and conversely spend billions trying to acquire data about others.
Many intelligence officials believe the next major war will be fought not only on limited battlefields but on the unlimited battlefield of cyberspace.
Yet, with all this background noise and the fears we all have, we still use the internet almost nonstop for information, ideas, and entertainment. We stream videos, watch sporting events from all over the globe, research practically any subject from anywhere. The amount of knowledge that can be obtained by doing a quick search is astounding.
In 30 years, we have condensed 150,000 years of learning into a few keystrokes on a keyboard or a smartphone.
The internet is at the same time, the greatest research tool of all time and the biggest waste of time ever.
We have experienced over the last 30 years, thanks to the Internet, probably the fastest growth of technology in history and it’s not done.
I believe that this period could be considered the Third industrial revolution and it may still have a few years left, but what next?
That’s where investors should start looking. What great technological transformation is coming? Where will it be? Will it be Nanotechnology (my pick), Space travel, Artificial Intelligence? Or some technology we can’t even think of now.
Boot up your old Gateway 2000 computer, get your dial up modem cranking up, listen for “You have mail” and search the web for funny cat videos that will take 17 minutes to download.
Staying the course until I see something that makes me change direction.
50% Stocks
25% Fixed Income
25% Cash
It's my birthday too, yeah
They say it's your birthday
We're gonna have a good time
I'm glad it's your birthday
Happy birthday to you”
Still the best birthday song ever written by the Beatles from their “White Album”.
Originally, I was going to write about the anniversary of the Bull Market which we are celebrating cautiously this week until I realized a much more significant anniversary was today, the founding of the World Wide Web.
The Web has changed the course of history like few technologies before it and it has become the most ubiquitous influence in more than half the world’s population. It has literally changed the World around us and continues to change the World we live in.
With all the good that the Web has done there is almost an equal amount of bad as well. This is the price you pay for a technology that is so transformative I don’t think people truly understand the impact it has had and will continue to have on society.
Cottage industries have developed just trying to stay ahead of the people that want to take advantage of this open access we now accept as the norm.
Governments spend great resources hacking other governments and trying to protect their own information. Companies hire firms to combat the almost daily attacks on their data and conversely spend billions trying to acquire data about others.
Many intelligence officials believe the next major war will be fought not only on limited battlefields but on the unlimited battlefield of cyberspace.
Yet, with all this background noise and the fears we all have, we still use the internet almost nonstop for information, ideas, and entertainment. We stream videos, watch sporting events from all over the globe, research practically any subject from anywhere. The amount of knowledge that can be obtained by doing a quick search is astounding.
In 30 years, we have condensed 150,000 years of learning into a few keystrokes on a keyboard or a smartphone.
The internet is at the same time, the greatest research tool of all time and the biggest waste of time ever.
We have experienced over the last 30 years, thanks to the Internet, probably the fastest growth of technology in history and it’s not done.
I believe that this period could be considered the Third industrial revolution and it may still have a few years left, but what next?
That’s where investors should start looking. What great technological transformation is coming? Where will it be? Will it be Nanotechnology (my pick), Space travel, Artificial Intelligence? Or some technology we can’t even think of now.
Boot up your old Gateway 2000 computer, get your dial up modem cranking up, listen for “You have mail” and search the web for funny cat videos that will take 17 minutes to download.
Staying the course until I see something that makes me change direction.
50% Stocks
25% Fixed Income
25% Cash