In many of there major bull markets, there are visible gains on account of some breakthroughs: In the 1920s, it was three innovations, viz. electric power, telephones and automobiles (more specifically, Henry Ford’s assembly line). All three technologies were around a couple of decades old, but the gains were visible only in the 1920s. Similarly, the internet brought about major technological gains in our lives almost a century later. Once again, this invention was a couple of decades old by the time the gains were visible.
#RidingTheRollerCoaster – 130