> Now it has to gnaw through the harder, crunchier parts of the global economy. Software eating life sciences? Software eating elderly care? Software eating ho

> Now it has to gnaw through the harder, crunchier parts of the global economy. Software eating life sciences? Software eating elderly care? Software eating household construction? Software eating money? Good luck. Wow, so much pessimism. Tech has still loong way to make inroads into these sectors, and i don't see anything stopping it. In some cases it is harsh regulation and established interests that prevent people from innovating (e.g. money), but it is happening. "Good luck"? this won't age well. Anyone who thinks that tech is just for "selling ads" is , hm, short-sighted. It is easy to cherrypick the high tech that has large p/e s such as tesla and netflix, but these are companies that disrupt existing markets, not create new ones. Apple (which does that often) has a tiny p/e. So maybe, it is a good thing that the fangs are being deinvested. Plus 2019 is the airbnb and uber IPO...