The Memo by Howard Marks cover image

Coming Into Focus

The Memo by Howard Marks

CHAPTER

The Tech Companies Are Stronger Than the Nifty 50 of the Late 19 Sixties

At the end of 19 99, during the tek bubble, there were 200 forty eight million internet users in the world. Now there are more than that in the us, alone, and almost five billion world wide. 62 % of the world's population carries a computer with internet conectivity in his or her pocket. Finally, it's easier than ever to scale these businesses. In thep ast, one would have to go to a dealer to buy software on a disk, take it home and install it. Now we down load aps from the web in seconds.

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