an increasing rate of change

Back in the day—a few decades ago—it was possible to see where technology was headed a few years in advance such as with standalone PCs > networked PCs > web-linked PCs. Or cell phones going from the Motorola brick to smaller cheaper digital models.

In the last 5 years, two new devices have changed the playing field: smart phones and tablets. In a few short years, they are already outselling PCs. They are headed towards being the same device with the only difference being the size of the screen and whether or not it fits in your pocket.

Apple makes wonderful products. I personally don’t want to be locked into devices controlled by one company with a notoriously stranglehold on 3rd party vendors interaction with their products. For most people, that is probably a good thing. It simplifies choices and eliminates some major security issues.

My current favorite hardware manufacturer is Samsung. I have a Samsung: PC monitor, TV, and DVD player. When I do finally get a tablet device, it will likely be a Samsung. They make high-quality goods that sell at a competitive price in my neighborhood on the technology price/performance curve.

The next decade will have some blockbuster new products. My best guess is that bio-tech will lead the way with near-cures for cancer, obesity and/or diabetes. Health care concerns trump the need for new gadgets.

Now if I could only peer into the future to know which companies will win the markets with their new products, I would be ready to make my first stock investment. I was going to buy Samsung. It turns out that Samsung only trades on the Kospi market in South Korea. I am not yet ready for that much adventure in my stock trades.

I am grateful for the rapid pace of technological change in our world. My free-market perspective loves more & better products at cheaper prices.

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