She’s good. I got to spend some time with her a few years back and she’s just as sharp and interesting in person.
Doc
> On Jun 3, 2016, at 3:11 PM, Guy Higgins < "> > wrote:
>
> Re companies with multi-billion dollar valuations and no profits ‹
> Professor Carlotta Perez¹s book Technological Revolutions may provide some
> insight into that phenomenon ‹ from an historical perspective. She has
> identified patterns in investment history:
> 1. Investors plow money into new technologies in the expectation that the
> stock price will rise (without considering whether or not the company
> actually produces anything other than (potentially) infrastructure).
> 2. This investment creates a bubble
> 3. The bubble collapses
> 4. Society figures out how to deal with the new technology (VRM in this
> case?)
> 5. Investors re-enter the market, this time investing in companies that
> leverage the previously created infrastructure and have adapted to the
> societally developed response to the new technology
> 6. New products arise generating new jobs, wages increase, profits
> increase ‹ everybody¹s happy until
> 7. The new technology passes the ³knee in the curve² and stops returning
> acceptable investments and the new technology becomes the old technology
> 8. Investors stockpile money waiting for new opportunities
> 9. A new technology is developed drawing investors seeking BIG returns by
> investing in the expectation that the companies with this new technology
> will succeed and that the stock price will rise, generating gains even
> without company profits
> 10. A new bubble Š
>
> You get the idea.
>
> Professor Perez depicts a series of cycles with variable length (but in
> decades - not years) going back to the early 19th century.
>
> Maybe valid, maybe not, but an interesting idea ‹ one that adheres to the
> ³all moving parts are connected to all moving parts² paradigm I learned in
> 1975.
>
> Guy
>
>
> On 6/3/16, 12:10 , "katherine" < "> > wrote:
>
>> Has anyone read Dan Lyons' book "Disrupted"? It is about his journalist
>> career interruption as a content writer for Hub Spot. The book is an
>> indictment of the system that generates companies with multi-billion
>> dollar valuations and no profits. But the epilogue really gets into
>> privacy issues. He articulates the irony that the only way you can
>> protect yourself is to opt out but no one wants to opt out of the
>> Internet.
>>
>> For what it is worth . . . .
>>
>> Katherine Warman Kern
>>
>>
>>
>
>
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