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I like his idea of choosing a startup idea that is in an industry poised for growth and "riding the elevator."
by id_rsa 8y ago
I like his idea of choosing a startup idea that is in an industry poised for growth and "riding the elevator."
- tonyedgecombe 8y agoIf I thought I could pick an industry poised for growth I wouldn't be mucking about with index funds.
- tim333 8y agoThe trouble often isn't picking the industry but figuring how to make money out of it. Like AI and self driving cars are obviously poised for growth but Google/Alphabet and other large companies are likely to dominate. And a lot of that is already priced into the stocks. I remember Altman saying an AI for X startup would be a good idea though. I guess Cruise Automation played things well.
- tonyedgecombe 8y agoActually neither of those things are obvious to me, AI seems over hyped and the head of Waymo has stated that ubiquitous self driving cars are 30 years away. Although perhaps I'm just getting a bit cynical in my old age.
- tim333 8y agoAny source on the 30 year thing? They already have test cars driving around with no one in the front seat (https://www.youtube.com/watch?v=jPfC9Yfsjd8&t=2m40s https://www.youtube.com/watch?v=jPfC9Yfsjd8&t=2m40s) and it seems there will be both intense competition to grab market share and also a push from regulators to reduce the present 1.25 million road deaths per year.
- tonyedgecombe 8y agohttps://spectrum.ieee.org/cars-that-think/transportation/self-driving/google-selfdriving-car-will-be-ready-soon-for-some-in-decades-for-others https://spectrum.ieee.org/cars-that-think/transportation/sel...
- tim333 8y agoTa for the link though that talk was over two years ago and things have moved on. Personally I'd be surprised if it took that long.
- kevinskii 8y agoThat’s sort of like saying that “buy low and sell high” is clever investment advice.