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RE: The risk of not investing

in #technology5 years ago (edited)
"It is a passing fad that won't last".

Did he mention any reasons why he believed that? It might have been difficult for a lot of people to predict the future pervasiveness of the Internet back in the eighties or early nineties because of the lack of applications having mass appeal but, considering the fundamentals of the Internet, that's a pretty amusing statement. All world-encompassing network of computer networks - what use could that ever be. :)

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It was 1996, I had my first 'real' computer (I had an Amiga 500 before) and he didn't have an idea of what he was doing, even though he should have considering his background. He also said that digital cameras will never replace film and electric cars will never take off. Crypto is a scam.

He is now believes he is an internet guru, has owned digital cameras since the early 2000s (still no electric car but will eventually no doubt) but still has no idea about crypto. He is short-sighted and,has an extremely selective memory.

Sounds like doesn’t have much of a novelty-seeking mentality like most people.

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He is someone who wants status so that means buying stuff people already know.

Oh, I will also add that mirrorless cameras will never be good enough for him, when I bought my EM-1 in 2015. Guess who has a mirrorless :D

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