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Showing posts from January, 2020

why I put all or most my money into technology sector

Technology role is to move something from scarcity to abundance. Everyone wants it. Who wants to live in scarcity? Think about all the technology that we use today: Apple, Amazon, smartphone, TV, facebook, social media, netflix, etc. You might think that technology also 'create' loneliness, well technology is a tool just like a knife we could use them to kill ourselves or use them to make a delicious dish. Besides what is the other option? Technology is a creation of wealth, that market/people could use and enjoy it. But on the other hand creation is also destruction . Why is that? Everytime we create something that the market value, it will destroy something that the 'old' market value. It is just 2 sides of the same coin, we could not avoid it. But on the aggregate what we create is more positive than we 'destroy'. Look at the revolution from agriculture to industrial age. what do we create? thousands or millions of job to the machinist, people who oper