4 ms·

They're all put under "information age" because all of them depend on the microprocessor. According to Perez, the peak investment phase in financial markets pa

by jmsdnns 11y ago

They're all put under "information age" because all of them depend on the microprocessor. According to Perez, the peak investment phase in financial markets paying attention to tech was during the dotcom boom. This definitely happened. The amount of money invested in tech companies was gigantic compared to what we see today. The dot com crash caused a loss of $5T. If we sum up the valuations of all the unicorns that exist today, we're not even close.

npalli 11y ago
Well, if it depends on the microprocessor then investments in that field peaked in the '70s. So, we are way beyond the cycle at this point. > The dot com crash caused a loss of $5T Paper losses. Actual investment was in the 10's of billions. As a reference, investment in mobile broadband globally in the next few years alone is going to be about 10 times bigger than that.
- jmsdnns 11y ago
  Not literally investments in microprocessors, but all of those things above depend on microprocessors. Regarding the paper losses... sure. But Perez's point was more that a huge bubble would crash, which was the dot com, and then society would get mature about what the actual tech could do. She then follows that by saying massive companies would get created in the maturity phase, which your point about mobile broadband investment agrees with.
  - jmsdnns 11y ago
    If we look at oil and mass production, we see similar. Same with rail. Huge bubble, lots of folks go bust, then what's left matures and becomes a big empire as consolidation takes place on a tech society legitimately cares about. It sounds like you really like this topic. I do too. Would love to talk more about it either via email or in person (if you live in NYC). I am teaching myself these topics and want to know as much as I can. My email is in my profile in case that's interesting.

4 ms·

They're all put under "information age" because all of them depend on the microprocessor. According to Perez, the peak investment phase in financial markets pa

by jmsdnns 11y ago

npalli 11y ago
Well, if it depends on the microprocessor then investments in that field peaked in the '70s. So, we are way beyond the cycle at this point. > The dot com crash caused a loss of $5T Paper losses. Actual investment was in the 10's of billions. As a reference, investment in mobile broadband globally in the next few years alone is going to be about 10 times bigger than that.
- jmsdnns 11y ago
  Not literally investments in microprocessors, but all of those things above depend on microprocessors. Regarding the paper losses... sure. But Perez's point was more that a huge bubble would crash, which was the dot com, and then society would get mature about what the actual tech could do. She then follows that by saying massive companies would get created in the maturity phase, which your point about mobile broadband investment agrees with.
  - jmsdnns 11y ago
    If we look at oil and mass production, we see similar. Same with rail. Huge bubble, lots of folks go bust, then what's left matures and becomes a big empire as consolidation takes place on a tech society legitimately cares about. It sounds like you really like this topic. I do too. Would love to talk more about it either via email or in person (if you live in NYC). I am teaching myself these topics and want to know as much as I can. My email is in my profile in case that's interesting.