That was a question a Director Investment Management Services, and a long time reader of my articles posed, saying “investors are not likely to invest into any tech names without solid valuations”, continuing “Also, successful tech companies now have longer track records than before at the start of the century.”
No. As long as human intelligence is used to cunningly convert eye-balls into advertising clicks, valuations are and will remain disproportionate to socioeconomic value. Nothing has changed, as the subpriming of venture capital has only increased, not decreased.
Tell me, what investment on your horizon today improves human adaptability to nature’s entropy? If you cannot name one, none of the valuations carry any intrinsic value, than to be sold to the greater-fools of human ignorance.
We must measure value creation in the business of innovation based on how technology improves human adaptability to nature’s entropy, and to ensure the pageantry of positivity surrounding technology is not used and abused to rob the bank of humanity’s evolutionary excellence.
We have a serious problem on our hand with technology. Years of laissez-faire innovation with sky-high valuations have actually deceived and weakened humanity (into a populism of groupthink) while acting as the unprotected back-door to nation-state sovereignty.
Some of those nation-states may deserve to be overruled, but no sovereignty should be subjugated to attempted totalitarian monism created by a so-called entrepreneur, avoiding any democratic oversight and approval, dictating what the world should look like.
Not in the least because the principles of nature, that, in reality, dictate our survival, are not studied or implemented by those who drop oligarchic technology in the lap of the innate plurality of our world.