Tech progress and bad times

In Uncategorized on 07/09/2016 at 3:24 pm

Let us go into the weekend with an optimistic, questing spirit. Set aside your macro worries, the flippant or dangerous pronouncements of our political class, or portentous terms such as “secular stagnation”. Sometimes the grimmest times are also the most technologically fruitful, seeding multi-squillion dollar opportunities. Apple launched its iPhone just before the global financial crisis. The dire decade that was the 1930s has been called the most technologically progressive of all time, incubating inventions such as radar, the jet engine and nylon. And capital markets play a part in all this, sluicing funds towards where those great opportunities lie.

Letter from Lex a few months ago

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