This post You Can Make a Fortune Spotting Trends appeared first on Daily Reckoning.
I visited Google not long ago with some friends and, after almost getting arrested, my mind was blown…
First, we wandered into the garage where they were actually making or fixing the driverless cars.
When they finally realized we were wandering around, security had to escort us out. We got scared and we thought we were going to get in trouble or thrown out.
But then we met with a friend high up at Google and learned some of the things Google was working on instead….
Nothing was related to search engines, which is what you normally think of when you think of Google, right?
Everything was related to:
Curing cancer (a bracelet that can make all the cancer cells in your body move towards the bracelet)…
Automating everything (cars are just one of those things),
Wi-Fi everywhere (Project Loon) and solving other “billion person problems.”
Billion person problems? That means a problem wasn’t considered worthy unless it could solve a problem for a billion people.
A billion!
When you solve problems that big it doesn’t create a ripple effect. It creates a surging crashing mile high wave that reshapes the world.
And the opportunities that I watch for are in that chaos. It’s dangerous and unpredictable and exciting.
But at some point there is flash of clarity. That’s when you know that the future isn’t abstract and “tomorrow” bleeds into today.
In Google’s totally off-limits-to-the-public testing garage I tripped and fell with absolute certainty into what will be one of the most disruptive and lucrative trends of the next decade.
Driverless cars, autonomous vehicles…disruption on a billion person scale.
You’ve seen bits of this story here and there, or maybe you already follow things like this closely.
Here is what’s important.
Right now there is a cold war era style arms race between Google, Tesla, Apple and Uber. Oh and now others are putting huge amounts of energy into this space as well. Last year GM announced a $500 Million investment into a strategic partnership with Uber competitor Lyft.
You can’t throw around half a billion without people noticing…
When you notice a trend, you immediately have a handful of choices because :
It might indicate what stocks to buy.
It might indicate what businesses to start. And for every one trend there are many different businesses you can start.
If it’s a negative trend, it might suggest how you can position your family to survive.
It gives you something to talk about with your friends.
It gives you ideas that may morph into revenue streams that nobody has ever thought of before.
I will tell you that the way I make money is through the first and last items listed. I think of ideas for other companies who call me, and my “business” is to them help them implement those ideas on their own and become massive successes.
If you combine the ideas that trends give birth to with an understanding of demographic trends, there are trillions of dollars waiting to made.
But the easiest (and …read more
Source:: Daily Reckoning feed
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