The Importance of Technology in Our Investing
(Edited)
Technology is becoming increasingly more important part of our investing lives. This is something that is becoming evident as companies are disrupted.
In this video I discuss how technology is going to alter all industries. Those companies that adapt will be very valuable. There will be a ton, however, that end up out of business.
▶️ 3Speak
0
0
0.000
View or trade
BEER.Hey @taskmaster4450le, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Congratulations @taskmaster4450le! You received a personal badge!
You can view your badges on your board and compare yourself to others in the Ranking
yeah we must use tech to do an analysis I use hivestats to keep my income track on the hive
Posted Using LeoFinance Beta
Summary:
In this video, Task talks about the significance of technology in investing, highlighting how companies that fail to adapt to technological changes are at risk of being disrupted. He gives examples like Sears and Blockbuster, which were once popular but crumbled due to not embracing technology. Task emphasizes the importance of recognizing technologically aware companies and mentions how technology advancements can quickly make or break businesses. He discusses how industries like mapmaking and traditional camera manufacturing were disrupted by the rise of smartphones.
Detailed Article:
Task discusses the crucial role technology plays in investing, emphasizing its ever-increasing importance in our lives. He points out that most disruptive changes in industries stem from technological advancements, leading to companies either thriving or failing. Task stresses the need to distinguish companies that embrace technology from those that are resistant to change, citing Sears and Blockbuster as examples of the latter.
The discussion delves into how companies like Netflix and Amazon adapted to technological shifts by entering the streaming and content creation industries, which ultimately affected traditional movie houses and studios. Task highlights the unpredictable nature of technological disruption, cautioning against investing in stagnant or outdated businesses, unlike Warren Buffett, who often seeks companies with a competitive advantage or "moat."
Furthermore, Task mentions how quickly companies can rise or fall in the technology sector, underscoring the need to stay vigilant and adaptable in the face of rapid technological changes. He uses examples like the evolution of GPS devices and the integration of cameras into smartphones, which revolutionized traditional industries and rendered some businesses obsolete.
Task concludes by urging viewers to remain attentive to emerging technologies and industries that could potentially disrupt existing ones. He emphasizes the importance of being proactive and informed to navigate the uncertainties brought about by technological advancements and their impact on various sectors. Throughout the video, Task's insights underscore the critical role of technology in shaping the future of investing and business landscapes.