Silicon Valley is bigger than Wall Street -- Investment strategies in the e

Author: Xing Haiyang
Publisher:
Publication Date: 2000-10-01
Features: Silicon Valley > Wall Street
In September 1999, Forbes magazine released the list of America's 400 wealthiest individuals for that year, with their total assets exceeding $1 trillion for the first time. To make it onto this list, one needed at least $625 million in assets. The rise in U.S. stocks propelled 60 newcomers onto the list, among whom 19 had risen through the internet's growth.
Knowledge > Capital In today's era, compared to ideas, capital is in surplus. In the highly developed U.S. capital market, good ideas are rarely without funding, successful strategies are always imitated, and the half-life of technological progress continues to advance. Talented individuals have become the company's only true capital for maintaining an edge.
In China, from investors' valuations of high-tech companies, investors are increasingly valuing knowledge and technology.
1/3 > 2/3 In the U.S., one-third of all households invest in stocks, with a total of 80 million residents owning stocks. Throughout the 1990s, the Dow Jones Index rose fourfold, creating a massive middle class. The stock market is no longer synonymous with risk but has become a money-printing machine—only a slight market rise can spawn tens of thousands of new property owners. The stock market has become a vital part of the daily lives of these 80 million Americans.
This is a world of accelerated change and accelerated development. Bill Gates accumulated his first $10 billion over 12 years. The founders of Yahoo, Jerry Yang and David Filo, did so in 3 years. But none of this compares to Pierre Omidyar of eBay, who amassed his first $10 billion in just 5 weeks, with his second $10 billion arriving two weeks later. Money is getting more abundant, accumulating faster, and money is accelerating. Everything indicates that the rules of the market have undergone a qualitative change.