The Tech and Software Sector is Close to Eating the World
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The Tech and Software Sector is Close to Eating the World

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Being both an oil trader and financier and tech investor, I am frequently asked about my general views on the oil and tech sectors at large given the ever changing financial and political disturbances ...

Being both an oil trader and financier and tech investor, I am frequently asked about my general views on the oil and tech sectors at large given the ever changing financial and political disturbances out there.

Well for a start, you might think that tech is today in a bubble as a company whose sole product is a photo sharing app in which the pictures get deleted after they are shared just turned down $3 billion.

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The Tech and Software Sector is Close to Eating the World The Tech and Software Sector is Close to Eating the World Document Transcript

  • Oil and Technology What Makes the World Go Round Being both an oil trader and financier and tech investor, I am frequently asked about my general views on the oil and tech sectors at large given the ever changing financial and political disturbances out there. Well for a start, you might think that tech is today in a bubble as a company whose sole product is a photo sharing app in which the pictures get deleted after they are shared just turned down $3 billion. Maybe.... But the reality is that even if there is a bubble in the making there are really no consequences. Unlike the late 90s, technology is now established. If one company blows up, other entrepreneurs will start a new one or join someone else. So If you really think about it, the cost of failure has never been so low, ever. By the same token, and for the sake of argument, I don't think that the tech and software sector is even close to eating the world.
  • Take a look at the Fortune 500 2013 - Fortune on CNNMoney.com. There are hardly any software companies on there. Google is #55 with a $52.2B in annual revenue. Facebook is barely hanging on at #482 with $5.1B in revenue. The largest electronics company is Apple at #6 with $156.5B in revenue. The second largest is Hewlett-Packard at #15 with $120.4B. Read More: Oil and Technology What Makes the World Go Round Thank you Ziad K Abdelnour