This is not the Nikkei circa 1989 or Kuwait's Souk al-Manakh bubble or Albania's Ponzi pyramid schemes. It is nothing less than a revolution in global media, retailing, finance, communications, manufacturing and economic reengineering. But somewhere out there, in an MIT computer lab or a Napa Valley gourmet kitchen, the Bill Gates and Larry Ellisons of my generation are out there thinking, planning, writing code, dreaming. The Internet will be the platform of their dreams, of the companies they will found, the billions in shareholder value they will create. I pity the poor souls who gamble in Las Vegas, currency casinos and day trading bucket shops.
Luck has very little to do with success in Internet stock investing.
Knowledge and vision matters above all else. The opinions expressed by the writer are his own and not endorsed by Press Release Network.