Get Rich Slow

Get-rich-quick investment advice is a fantasy. Get-rich-slow is a validated strategy for real wealth.

Today, it is more important than ever to keep the long-run perspective firmly in mind…

Lest you’ve forgotten, world financial markets are in a state of unparalleled disorder. More capital has been drained from markets, thanks to the irresponsibility of politicians and the acquiescence of naive citizens, than at any time in modern history. The damage done by bombers and tanks in world wars has been matched by the unintended consequences of central planning and bureaucracies.

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Banking on Your Phone

America has lagged behind much of the world in terms of digital wallets. Elsewhere, people routinely use phones instead of credit cards. There are several reasons for this.

Partly, it is because North America saw mobile phones so early. When other regions finally rolled out mobile phones, infrastructures were more modern. The larger reason, however, is that there is so much at stake.

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An Electrifying Profit Opportunity

Biotechnology, nanotechnology and semiconductors are all areas investors watch closely for the next great new tech. However, transformational technology investment opportunities aren’t always found in what are commonly regarded as “breakthrough technology” fields.

Sometimes, breakthrough technologies quietly emerge in mature, well-established industries. One particular transformational technology company, for example, can more than double the economic efficiency of electrical motors and generators.

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Invest In What The Kids Are Doing…

Everybody wants to find the next Google to invest in. Eric Schmidt, the CEO of Google, says put your best people in mobile. That’s an interesting concept. So what he’s trying to say is mobile is the future. Mobile is where technology is going.

Basically, it’s because everything that you do that can be digitized is going toward mobile. Whether it’s voice, music, entertainment, information, everything is going toward mobile. So if Eric Schmidt, who runs one of the most significant technology companies on the planet, is basically saying put your best people in mobile, maybe as investors, we should be putting our best technology dollars into mobile.

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Remember This

Periodically, we see articles heralding the imminent death of Moore’s law and accelerating progress in the world of electronics. For the sake of your portfolio, don’t buy it. Creative destruction, using Joseph Schumpeter’s term, will continue to create breakthrough profit opportunities.

In 2007, Hewlett-Packard’s labs demonstrated the first memristor recognized as such. A portmanteau of “memory” and “resistor,” “memristance” was the theoretical fourth circuit variable first described in 1971. While HP stock will probably not yield the sort of profits we’re looking for here, it will help generate them indirectly.

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Blockbuster Anti-Cancer Technology

The science story with the biggest buzz recently was probably the successful treatment of three leukemia patients by scientists from the University of Pennsylvania.

While the leukemia research is important, I don’t think that many understand where it fits in the bigger picture of cancer therapy development. I believe, in fact, that there are a half-dozen more- promising therapies.

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Why an Economic Downturn Begets a Technological Renaissance

The Old World is looking older by the day, as most European stock markets fell yesterday for the sixth time in seven days. Here in the New World, the Dow Jones Industrial Average tried to buck the trend, but did not succeed.

Around midday in New York, the Federal Reserve issued fresh assurances that it stands at the ready – if the economy continues struggling – to do even more of what hasn’t worked. The Dow jumped about 70 points on the news, but failed to hold its gains. By day’s end, the Dow was down 59 points at 12,447.

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Distress is the Mother of Opportunity

Few technologies have had a greater impact than the invention of television…

But, it took decades for the basic idea to become commonplace.

In the early 20th century, inventors tinkered with a variety of low- resolution electromechanical displays. The FCC even granted experimental broadcast licenses for early TV broadcasts using these sets.

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Space Guns

Jules Verne, the French writer who pioneered the science fiction genre, once wrote, “Anything a man can imagine, another man can create.” But even Verne might be surprised to see that some of the fantastic ideas he imagined 100 years ago are becoming realities today.

Verne was an extraordinary author and his fertile imagination has inspired generations of scientists and engineers. In one of his works, Verne imagined a voyage to the moon enabled by a gigantic space gun. The fictional cannon, called Columbiad, fired a projectile holding three travelers to the moon. Today, a kind of space gun is moving toward true viability and possible commercial application. But first, a little background…

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