This is why without a technological background or acumen, you’ll never be able to find the investments that succeed based on innovation. Because there’s no fin

This is why without a technological background or acumen, you’ll never be able to find the investments that succeed based on innovation. Because there’s no financials to analyze, the companies that succeed this way basically go from making nothing / losing money for many years before all of a sudden becoming exponentially profitable. The signal doesn’t exist on the financial side, which is why so many people in Wall Street often fail so badly when valuing hard technology companies. It’s why a company like Waymo will in 10 years be valued more than the entirety of Google, yet many in finance won’t even have an inkling of this in the present day. Also, by the way, this is why I believe the venture capital industry in Silicon Valley was able to uniquely succeed in the beginning due to a heavy concentration in extremely technical investors compared to the rest of the United States and the world in general (i.e. the VC capital of the world is in Silicon Valley and not New York for a reason).