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In what areas are the massive fortunes of the future going to be made?

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71–80 of 102 posts

Re: In what areas are the massive fortunes of the future going to be made?

#71
3D Printing (a nearly infinite number of knock-on effects). Legal drugs (prohibition is once again losing its sway). Care for people who are 80+ years old. Autonomous vehicles.

Space travel - I'd love to predict fortunes in it, but it's still a wildcard and a dream.

Re: In what areas are the massive fortunes of the future going to be made?

#73
post #9

Earlier 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

I would personally bet on payments, insurance, fashion, and banking over space, robotics, desktop manufacturing, and augmented reality. The former are things that virtually everybody does as part of their daily life. The latter are things that sound very sexy and have had some big wins in specific industries, but aren't related to what people do day-to-day. When pitting reality against dreams, reality usually tends to win out.

Re: In what areas are the massive fortunes of the future going to be made?

#74
post #34

Earlier 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!

> Because the two fields are imperfect, they are therefore of course completely and entirely wrong.

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.

http://xkcd.com/435/

Re: In what areas are the massive fortunes of the future going to be made?

#75
If I have to choose 4 things came to my mind:

Health, 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?

#76
post #29
post #24

Let'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.

Need to tackle wealth distribution first. Because that tale of a world mostly free of work has been told so many time, it is not funny anymore. That one man can earn more money in a day that some of us can in a year, makes the horde of consumer a salesman wet dream. Let's face it, we have a finite individual capital, that is kept as low as possible, and still continue to create more wealth as a society.

Re: In what areas are the massive fortunes of the future going to be made?

#77
post #19

Artificial 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…

There are considerable efforts

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?

#78
Personal decision support. I simply don't have time to search for the cheapest energy supplier/insurance provider/credit card/mortgage each month but I'm sure I could be saving money. The people who can demonstrably do so on my behalf have my interest.

Re: In what areas are the massive fortunes of the future going to be made?

#79
post #9
post #5

Always 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.…

I assume by "startups", you mean Silicon Valley-style tech startups? If we're taking Eric Ries' definition of startup, then agriculture might be the first industry to ever have startups and thousands of years ago, at that.
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