3 ms·
I agree with all your points except for ZIRP being strictly needed for tech to recover. I think there's such enormous leverage from the application of tech to b
by sokoloff 3y ago
I agree with all your points except for ZIRP being strictly needed for tech to recover. I think there's such enormous leverage from the application of tech to business problems that we haven't seen anything like "peak tech".
- disgruntledphd2 3y agoI agree with both of you. Lots of the funded companies of the last decade only got to where they are because of ZIRP, but there are definitely huge opportunities for more profitable companies to be built with current tech, even with positive interest rates.
- Michelangelo11 3y agoI hope so, but I can't really think of any myself, and the fact that such applications haven't been realized despite the massive tech investment in the last years makes me skeptical they exist. Do you maybe have some examples?
- sokoloff 3y agoI think there are many boring industries that are benefiting from the use of technology to improve their operations. We had the misfortune of being rear-ended a month ago. No injuries, but three damaged cars. The entire claims handling process had significant technology components, including a pretty usable website, a mobile application that the adjuster was using, text messaging for communications, etc. Electronic health records. Electronic procurement. Increased technology applied to logistics (every UPS, Fedex, and Amazon driver has some kind of mobile device to assist them and assist in communicating with shippers and recipients). My bank has a solid mobile app, as do my investment brokers and 401K providers. Across all of those boring industries, there are hundreds of thousands of, maybe a million, tech/software jobs with an easy prospect to more than double in the coming decade.