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Calling Bubbles with Benedict Evans (Part Two)
Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work
Evaluate with an Open Mind
In assessing new technologies, avoid the trap of labeling them as unworkable simply because they are not yet effective or are dismissed as frivolous. Historical skepticism towards innovations, such as the iPhone or the web, illustrates that initial rejection does not equate to future failure. Instead, focus on the tangible potential of the new technology by asking critical questions: Does it work currently? What obstacles must be overcome for it to succeed? Furthermore, consider the beliefs that inform your skepticism or optimism regarding the technology's future viability. This reflective approach allows for a more accurate prediction of a technology's potential.
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