This brilliant presentation will blow you away.
It’s about how technology kills and creates industries — and does it so very quickly.
Stanford University futurist, Tony Seba, has spent the last several decades studying technology disruptions.
This video will change your investment thinking today. It’s changed mine.
Watch his presentation: Click here. I watched it three times last night.
Tony Seba has also written two books, available from (where else) Amazon.
Some of the conclusions from this book:
Exponentially improving technologies such as solar, electric vehicles, and autonomous (self-driving) cars will disrupt and sweep away the energy and transportation industries as we know it. The same Silicon Valley ecosystem that created bit-based technologies that have disrupted atom-based industries is now creating bit- and electron-based technologies that will disrupt atom-based energy industries.
Clean Disruption projections (based on technology cost curves, business model innovation as well as product innovation) show that by 2030:
– All new energy will be provided by solar or wind.
– All new mass-market vehicles will be electric.
– All of these vehicles will be autonomous (self-driving) or semi-autonomous.
– The car market will shrink by 80%.
– Gasoline will be obsolete. Nuclear is already obsolete. Natural Gas and Coal will be obsolete.
– Up to 80% of highways will not be needed.
– Up to 80% of parking spaces will not be needed.
– The concept of individual car ownership will be obsolete.
– The Car Insurance industry will be disrupted. The taxi industry will be obsolete.
To buy his books, click here.
Learn more about Seba’s present activities: Click here.
Harry Newton, who skipped all the usual jokes today because Seba’s conclusions are so important for our investment thinking. His words on solar will blow you completely away. 25% of houses in Australia already have solar.
Our stop rule should have cashed in. Many of these noted stocks are out.
I’m on the sidelines watching this. It would be fun to play, but education comes at a cost.
Other than SpaceX ventures (proved what they can do) and Boeing…I’d be all cash for a bit.
Harry, Thanks for proving once again that being smart is NOT a requirement to being rich.
Fascinating how rich liberals will fall for almost any glossy marketing campaign.
Tony Seba is 100% wrong. Harry what percent of electricity is produced by nuclear in France?……lol
Tony Seba: “Gasoline, Nuclear, Natural Gas and Coal will all be obsolete”…….IS THE EXACT OPPOSITE!!!!!!!!!
Solar and Wind power always have been, and always will be a liberal delusion.
Dman, I think we all agree about to be rich you don’t have to be smart. We live in a time in the US that it is proven every day by a “deal maker”! As for this “liberal delusion”, I know France has been relying on nuclear power (but getting into trouble dumping the toxic waste in its colonies also realizing their economy -which is losing its ranking in the world economies year after year- cannot compete with their current production), but look at Germany: to some accounts, at peak time which is about around April, up to 85% of electricity consumed is generated by renewable energy. Before China took over with its cheap labor, Germany was #1 solar panel producer. I am not even going to talk about coal, it is a joke! even after “deal maker” had agreements with mine owners, they are closing down the plants since they are not competitive. So you can look where you want to look to make your case, but only a fool can ignore long coming change in energy production.
Harry, I have solar panels on my roof and have an electric car. I like the video in general and some of the things he says will happen albeit in a different way. What he never mentions are the drawbacks of many of the technologies he talks about. The life span of panels, range of the EV cars, dangers of storage and most importantly battery technology is not clean. Nobody talks about recycling of theses batteries. It will happen but won’t be cheap. BTW it is interesting to see ho battery technology growth lagged the semiconductor technology growth. I even think his 14% and latest 20% improvement on battery technology numbers are probably not accurate.
I think this guy is trying to disrupt the investment book industry. Has he ever driven in LA?
Tony Seba sounds like a complete fool. In 2030 80 percent of highways will not be needed? Twelve years from now? Harry, you are a moron for believing this guy. Just think about it. As crowded as our nation’s highways are now do you really think in a mere 12 years from now that most of them will not be needed? That in only 12 years most people will be traveling around in self-driving cars? This is garbage!! Change occurs slowly. This guy is making these provocative statements just to sell books. What’s your excuse to repeating them?
Great Video, thanks!
Sounds like Berkshire Hathaway should come off your list Harry.
Why? Are you a retarded individual?