Investing in exponential technologies
Certain technologies advance exponentially, and when different exponential technologies converge, expect fireworks. Understanding this is how investors can triumph.
What is exponential? Exponential: defining it is not simple, and that is part of the problem. When I looked up the definition of exponential, I was surprised by what I read. I would like to humbly suggest the dictionary is wrong, or at least the first definition that comes up on Google is wrong. The first meaning I found was this: “becoming more and more rapid — the social security budget was rising at an exponential rate.” Then I looked a little further and found a definition that I think is more accurate: “True exponential increases and decreases occur whenever…