Klowt的动态

The 1960s vs. the 2020s The 1960s was the late golden age of tech progress that lasted from 1870 to 1970 (see the pictures in my comment to the original post below). In 1961 to 1970, the average GDP per capita growth rate was 3.1% globally, 3.8% in the developed world, and 2.8% in the U.S. In 2007 to 1923, the average GDP per capita growth rate was 1.5% globally, 0.9% in the developed world, and 0.9% in the U.S. But some observers point out that after 50 years of growth even in the field of information technology there is a decline in the pace of innovation. After all, the first operational version of the Internet was launched back in 1969, the first mobile phone was introduced in 1973, the first personal computer in 1974, the first portable computer in 1975, the GPS navigation system was launched in 1978, the first commercial mobile network in 1979, while the first smartphone became available in 1992. Even AI at present is more IA (Intelligent Automation) than AI (Artificial Intelligence) That is why the five largest U.S. stocks of the 1960s reflect a very diversified economy ranging from telecommunications to cars to oil to information technology, while outsourcing U.S. manufacturing abroad just helped competitors like China acquire useful manufacturing expertise and Trump become U.S. president :) #stocks #markets #investing #trading #mag7 #magnificent7 #unitedstates

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What a great, telling & self-explanatory exhibit showing the fundamental, structural transformation of the global economy over the past 60+ yrs. [CORRECTED]. Granted this exhibit uses membership in the generic S&P 500 as a proxy. But it would be or take no magnum opus to conduct the same on other glorified benchmarks like the DJIA also here in the US, FTSE in London, TSE in Toronto, Dax in Germany, CAC-40 in Paris, Hang Seng in Hong Kong/Shanghai Composite in China, Nikkei in Japan, and so on. The indubitable, overarching point, worldwide, is that the basic foundation of economies & economic growth has shifted from being once industry- & manufacturing-based to being now information & IT-based, including obviously “AI” as a natural outgrowth. This reality simply cannot be ignored, as written on on numerous occasions. It is, after all, a fact. Couple this new reality in the “real economy” with an accompanying penchant towards notions like crypto in the “financial economy” and what emerges is an inescapable picture of our present & modern-day reality. Alas, and rightly or wrongly, this proverbial genie cannot be put back in a, let alone, the bottle. Kudos to you James Bianco & your A-1 team for this fantastically clear empirical insight & rendition: so, with all due respect, pointing this out so elegantly is certainly “not nothing”. Once again, kudos.

Yes, the public equity markets are extremely concentrated. But investors have a lot more options this time around, including the very UNconcentrated private markets. Thoughts?

Notice what sections of the chart where the best growth appeared for investors.

Owning the SP500 is a diversified portfolio? 30% of is five stocks. I'd rather own the rails that data (including capital) is increasingly transacting on (ETH, SOL)