Space travel - I'd love to predict fortunes in it, but it's still a wildcard and a dream.
In what areas are the massive fortunes of the future going to be made?
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Re: In what areas are the massive fortunes of the future going to be made?
#72Re: In what areas are the massive fortunes of the future going to be made?
#73Earlier quoted context omitted.
The cliche phrase "software is eating the world" doesn't quite do the future justice. "Startups in industries that didn't previously have them" does it much better: that's agriculture (Sourcerly), payments (WePay, Stripe, Balanced, Slidepay, Square), lending (LendUp, Lending Club), startup investing (Anglelist, WeFunder), banking (Palintir, Standard Treasury), insurance (Oscar) fashion (La Tote, Crowdery), and more.…
Space, Robotics, Desktop Manufacturing, Augmented Reality
Re: In what areas are the massive fortunes of the future going to be made?
#74Earlier quoted context omitted.
Clinical psychiatry and psychology are areas of neuroscience these days, so I don't quite understand the "historic meltdown" point, any references on that?
lutusp has a bit of a bee in his bonnet about psychology and psychiatry. His approximate view is that if a field can't be held to the same evidentiary standards as experimental physics, it's not a science. Because the two fields are imperfect, they are therefore of course completely and entirely wrong. But fear not! fMRI will save us!
Wrong? No, just dangerous to children and some especially foolish adults.
http://en.wikipedia.org/wiki/Rebecca_Riley
http://en.wikipedia.org/wiki/Candace_Newmaker
> His approximate view is that if a field can't be held to the same evidentiary standards as experimental physics, it's not a science.
That's how any scientist looks at a field that the public trusts to deliver medical care. In fact, because physicists don't have clinics, they are off the hook with respect to this issue, but happen to be far more scientific.
Re: In what areas are the massive fortunes of the future going to be made?
#75Health, Space, Robotics and Food imho.
Health, to produce better treatments agaisnt sickness, cure for cancer and other applications like regenerative i guess will be the ones who will coin a lot of dollars, specially from labs.
Space and robotics to produce better transportation, manufacturing and other hardware potential advancements.
Food. The food industry will work for sure o new sintetic food, to mass produce as well to produce safe transgenic meat.
Re: In what areas are the massive fortunes of the future going to be made?
#76Let's extrapolate from present trends. More robotics and automation means people will work fewer hours but still have disposable income. Medical advances mean people will live longer, healthier lives. Conclusion? There's going to be a lot of energetic, healthy people with time on their hands -- even more than at present. So there will be many future opportunities in the areas of entertainment, computer games and trav…
I disagree about people working fewer hours. Work that used to be performed by humans has already been automated to a large degree. Rather than a uniform reduction in hours, the result appears to be a swelling class of unemployed and increasing hours worked by those who are employed. Those who have time do not have money and vice versa.
Re: In what areas are the massive fortunes of the future going to be made?
#77Artificial Wombs Artificial/in vitro food
I always thought that the anti-abortion crowd was missing out on an angle that could be taken advantage by science-types. The whole "no abortion for X weeks" is based on the age that it's plausible that a fetus can live outside of the womb. If the anti-abortion folk are so serious about their beliefs, they should fund a massive research project to create artificial wombs that very early babies can be placed into to f…
http://en.wikipedia.org/wiki/Artificial_uterus
But i wasn't thinking of the abortion crowd, just a more safe way to grow people.
Re: In what areas are the massive fortunes of the future going to be made?
#78Re: In what areas are the massive fortunes of the future going to be made?
#79Always hard to predict, but one area where I'm sure there's lots of room is starting startups in industries that didn't previously have them. To use one example of many, LendUp.
The cliche phrase "software is eating the world" doesn't quite do the future justice. "Startups in industries that didn't previously have them" does it much better: that's agriculture (Sourcerly), payments (WePay, Stripe, Balanced, Slidepay, Square), lending (LendUp, Lending Club), startup investing (Anglelist, WeFunder), banking (Palintir, Standard Treasury), insurance (Oscar) fashion (La Tote, Crowdery), and more.…