Driven by huge increases in connectivity and computing power, technology is advancing at an exponential rate. This means that not only is conventional change is occurring… but the rate at which it is occurring is also speeding up.
Depending on where you stand, this is either thrilling and lucrative… or confusing and harmful.
For example, think about the ride-sharing service Uber. Uber caused a massive change in an entrenched industry in just a few years.
One day, the taxi business is big and powerful. The next day, it’s road kill.
You also have Netflix gutting movie-rental chain Blockbuster in just a few years.
Those kinds of tectonic industry shifts used to take a lot longer to play out. Sometimes decades.
But when you spot a technology that is surfing on the wave of change, you need to pay attention. Especially in the resource markets.
Because it could be the edge that sends one stock soaring while the other ones remain stagnant.