{"id":31106,"date":"2015-06-18T10:13:31","date_gmt":"2015-06-18T14:13:31","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=31106"},"modified":"2015-06-18T10:13:31","modified_gmt":"2015-06-18T14:13:31","slug":"our-changing-world","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=31106","title":{"rendered":"Our changing world"},"content":{"rendered":"<p style=\"text-align: left;\">You haven&#8217;t been given any Fitbit (FIT). Neither have I.<\/p>\n<p style=\"text-align: left;\">Fitbit is hot.<\/p>\n<p style=\"text-align: left;\">The best analogy is GoPro. It followed this trajectory:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/gpro.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-31111\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/gpro.jpg\" alt=\"gpro\" width=\"636\" height=\"342\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/gpro.jpg 636w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/gpro-300x161.jpg 300w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">You can see three phases:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">1. The excitement runup.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">2. The disappointment when everyone thought it was a one-trick (one-product) pony.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">3. The second product run-up when GoPro introduced its drone &#8212; a perfect add-on to its product line.<\/p>\n<p style=\"text-align: left;\">Fitbit is a real company. Oodles of people like its product. The company is profitable.<\/p>\n<p style=\"text-align: left;\">Fitbit is 1000% better than the Apple Watch for elementary fitness monitoring. This may change. But for now, my Apple Watch is useless for measuring my activity. Every day I look at it. And every day it&#8217;s wrong. Not a little wrong. But way wrong!<\/p>\n<p style=\"text-align: left;\">Moreover, my Apple Watch is annoying. It wakes me to tell me it&#8217;s time to stand up.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Overseas the news is awful.<\/strong><\/span> Greece and the EU are playing a game of chicken, with the Greek people suffering badly &#8212; high unemployment, sliced pensions, etc. Awful.<\/p>\n<p style=\"text-align: left;\">This piece &#8212; <em>Pensioners are squeezed as Greece&#8217;s creditors push for more cuts<\/em> &#8212; is fascinating. Click <a title=\"Greek pensioners are squeezed\" href=\"http:\/\/www.nytimes.com\/2015\/06\/09\/world\/europe\/greece-pensions-debt-negotiations-alexis-tsipras.html\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\">My prediction: Greece will leave the EU and bring back the Drachma. The government will print oodles of them to pay pensions and government salaries. Bingo, hyperinflation.<\/p>\n<p style=\"text-align: left;\">They&#8217;ll eventually get the hyperinflation under control &#8212; but not for many years.<\/p>\n<p style=\"text-align: left;\">Greece doesn&#8217;t have the assets nor the business skills of the Germans. It will begin to look more like Zimbabwe.<\/p>\n<p style=\"text-align: left;\">This note can just buy a loaf of bread.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Zimdollar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-31116\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Zimdollar.jpg\" alt=\"Zimdollar\" width=\"500\" height=\"254\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Zimdollar.jpg 500w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Zimdollar-300x152.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">The note sells on eBay as a curiosity piece more than it&#8217;s worth in Zimbabwe.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Everyone should watch this short video.<\/strong><\/span> What the world knows about you is freaky. There are long-term consequences to posting endless stuff about yourself on social media.\u00a0 Ask your kids to watch this video. Click <strong><a title=\"How's your torn muscle?\" href=\"https:\/\/www.youtube.com\/embed\/F7pYHN9iC9I?rel=0\" target=\"_blank\">here.<\/a><\/strong><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>There&#8217;s oodles of money around for startups.<\/strong> <span style=\"color: #000000;\">But&#8230; you have to learn how to raise the money. If the VCs don&#8217;t want you, then you&#8217;re stuck with friends and family. Last night I emailed a budding entrepreneur:<\/span><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">I\u2019ve never been a big fan of pitch decks (PowerPoints), without the pitcher. I tend to prefer to read documents that look like IPOs. Though I attended your interesting talk, I find your pitch deck incomprehensible.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">My advice: Write something up like a Red Herring that investors can read, and noodle on. Detail the business. Detail the risks. Meanwhile, I\u2019m staying on the sidelines.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Our changing world<\/strong><\/span><br \/>\nAfter a long night of making love, the guy notices a photo of another man, on the woman&#8217;s nightstand by the bed. He begins to worry.<\/p>\n<p style=\"text-align: left;\">&#8216;Is this your husband?&#8217; he nervously asks.<\/p>\n<p style=\"text-align: left;\">&#8216;No, silly,&#8217; she replies, snuggling up to him.<\/p>\n<p style=\"text-align: left;\">&#8216;Your boyfriend, then?&#8217;<\/p>\n<p style=\"text-align: left;\">&#8216;No, not at all,&#8217; she says, nibbling away at his ear.<\/p>\n<p style=\"text-align: left;\">&#8216;Is it your dad or your brother?&#8217; he inquires, hoping to be reassured.<\/p>\n<p style=\"text-align: left;\">&#8216;No, no, no! You are so hot when you&#8217;re jealous!&#8217; she answers.<\/p>\n<p style=\"text-align: left;\">&#8216;Well, who in the hell is he, then?&#8217; he demands.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Citlyn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-31108\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Citlyn.jpg\" alt=\"Citlyn\" width=\"250\" height=\"344\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Citlyn.jpg 250w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2015\/06\/Citlyn-218x300.jpg 218w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">She whispers in his ear.. &#8216;That&#8217;s me before the surgery.&#8217;<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" alt=\"HarryNewton\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\nHarry Newton who&#8217;s lunching with a residential property syndicator. I like reasonably-priced townhouse developments. There are more and more jobs, but, as interest rates rise, it will be harder for many to afford their own house. Hence, they&#8217;ll rent my apartments. I hope.<\/p>\n<p><script>\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');\n\n  ga('create', 'UA-45200733-1', 'technologyinvestor.com');\n  ga('send', 'pageview');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You haven&#8217;t been given any Fitbit (FIT). Neither have I. Fitbit is hot. The best analogy is GoPro. It followed this trajectory: You can see three phases: 1. The excitement runup. 2. The disappointment when everyone thought it was a one-trick (one-product) pony. 3. The second product run-up when GoPro introduced its drone &#8212; a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31106","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/31106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31106"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/31106\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}