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Andresson didn't say anything close to "you'll be a millionaire soon [and] so will everybody else." He just said the technology market isn't going to implode ag
by philosophus 13y ago
Andresson didn't say anything close to "you'll be a millionaire soon [and] so will everybody else." He just said the technology market isn't going to implode again. There's a difference. I think his basic point is valid: that computer technology provides a real and highly valuable service, unlike, say, tulip bulbs. Therefore, while it may be overvalued, there is nevertheless something solid there. Unless you think people are going to stop using the internet soon.
- matt__rose 13y agoThat is the exact same argument that KK was making in that Wired piece. Quote: How many times in the history of mankind have we wired the planet to create a single marketplace? How often have entirely new channels of commerce been created by digital technology? When has money itself been transformed into thousands of instruments of investment? It may be that at this particular moment in our history, the convergence of a demographic peak, a new global marketplace, vast technological opportunities, and financial revolution will unleash two uninterrupted decades of growth.
- philosophus 13y agoI don't think it's exactly the same. The tone in the Wired piece is way over the top, "hyperaffluence" and what have you. Can you see the difference between saying "Everyone's going to be rich! All our problems are solved! Utopia is here!" and saying "the technology market will continue to be a reasonably sound investment" ?
- notastartup 13y agoseems like more or less the same message. We are in a new era now, the fundamentals of economics have shifted because we say so and everyone should donate their life savings to our cause!
- ghshephard 13y agoStyle note - embedding a few spaces causes most of the text to scroll off into the right - for long quotes like that, better to put them in emphasis asterisks to set them out.