The danger in technology investing is that S-curves nest inside S-curves. You can be right about the ultimate destination and completely wrong about the timing, and if you're wrong about the timing in a leveraged way, you don't get to be right about the destination.
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The most interesting idea is that countries become great powers due to their mastery of the most important technologies of the day — gunpowder, sailing ships, steam power, mass production, steel, the combustion engine, industrial chemicals, electricity, airplanes, and so on. It's also possible to imagine that leading nations fall behind due to technological disruption. Britain's industrial revolution made mercantile trade less pivotal as a source of national wealth, so the Netherlands fell behind.
Noah Smith
Most people overestimate what they can do in one year and underestimate what they can do in ten years. But the deeper error is that they plan in one-year chunks at all — the unit of compounding is decades, not quarters.
Jeff Bezos — Amazon Shareholder Letter
I watched the game before passing it on, and was surprised at how similar the camera movements and various angles of the broadcast were to contemporary football coverage. The images were black and white, with a blurrier resolution, but the broadcast view, with cutaways to closer cameras for key moments, was very similar to today's coverage. Despite 60 years of technical innovations, broadcast mode still remains the best way to watch live football.
Matt Locke