I can’t help but see the big comparisons between the tech industry and the auto industry. I know I’m not the first person to say this, or even ask this question, but I find it interesting; but why do people treat the tech industry like it’s a gold rush? This new and shiny disrupter in the world of finance?
Because, now don’t quote me because I’m not too learned in finance history, but isn’t the tech industry just like the auto industry 100 years ago? This new innovating idea that is seen as the big transformer to society?
I’ve heard it said, but I couldn’t tell you who said it, but I think they said, “the tech industry will end up plateauing and become like the auto industry is today”. Now I’m no expert on finance or stock trading, but I think it has some good meaning there. Because when I look at the tech industry, I see it as this new trend that will probably end up shifting into obscurity once the next big trend hits, kinda like the auto industry did, it’ll still be there, but it’s so common place in society that it’s not really seen as the bringer of new innovation.
I know quite a few people who work in the tech industry, and a few regular joes who have quite a bit of money in APPL and AMZN, and when I ask then if they think the tech industry will ever slow down or plateau they just laugh and say “it’s the future, it’ll always keep innovating and bringing new ideas”. Okay well, you could argue Ford did that, and look where they are now.
Just wanted to get some of your opinions on it, because from my point of view, it seems a lot of people see the tech industry as this Big Daddy, and it gets people scared when the price of AMZN or APPL stock goes down.
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