Investor newletter perspective excerpt...
posted on
Jul 10, 2005 03:58PM
Don`t miss out on the ``invisible`` tech revolution.
This is much bigger than the Internet.
Do you know the absolute latest ``killer app``? It`s the human being.
Technology has been, for 50 years, the victim of its own success. For a while the stock market was awed by the sight of nerds piling gigabytes on to chips, but when it became clear that none of these geniuses understood the customer, it all fell apart.
Out of the wreckage stepped computer games, instant messaging, Apple`s iPod, spam and the blog. All human-centered. All related to people and the things they want to do.
Here at Young`s Intelligence Report, we made a bundle in Apple, the maker of iPod, an instant design icon of the stature of the Airstream`s RV with the functionality of a #2 pencil.
What`s next? Instant messaging will pay off for us in the next several years, I am confident.
The biggest single investment mistake you could make is to neglect tech stocks. But the second biggest mistake you could make is to buy tech stocks that are only about technology. Instead, buy those that put technology in the service of human needs. These are the leaders now and beyond.
Apple`s iPod, successor to the Walkman of a generation ago, has the hard-disk capacity of a 5-story office building of the 1980s. In a couple of years, you won`t even blink at having a terabyte of storage hanging off your keychain. (It just won`t be on that crash-ridden old P.C.!)