No more banks. No more accountants. No more Wall Street? Today's Prophecy Musk's pinnacle thus is precarious. He must indulge the fantasies of Washington politicians while at the same time ruthlessly pursuing the realities of markets and technology. All we can say, is "so far so good." But Musk's electric vehicles cannot finally prevail if the politicians' and professors succeed in banishing both CO2 and nuclear power. Solar and wind cannot sustain a world of Tesla's. That's the paradox of Musk's pinnacle of wealth… and America's. You cannot tax wealth away and rebuild it by orgies of spending. You cannot abolish an effective energy system and replace it with sunbeams and volatile breezes without bringing down Musk's fortune. In general, the more illiquid the investment the more it is oriented to the future, and the more it spurs durable growth. Governor Newsom in California, like the entire new Washington crowd, will soon discover that entrepreneurs such as Elon are the world's most "essential" citizens. Compared to the realities of physics and information theory, the immutable testimonies of time-prices and inventive surprises, the delusions of politicians offer a poor and perilous path to enduring wealth. That's why in this time of trial — in nearly all our publications — we favor finding the most promising new technologies, wherever they may be, and making long-term investments in them that can survive all the vicissitudes of politics. Regards, George Gilder Editor, Gilder's Daily Prophecy P.S. As a loyal reader, I've promised to keep you informed on life-changing technology opportunities, everything from Wi-Fi 6 to blockchain to "15G" and more! Today, I'm reaching out to you about a rather unique discovery made by one of my colleagues that was recently brought to my attention… He discovered an explosive and easy way to trade the markets week after week. Click here to see my video where I get into some of the details about this opportunity. |
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