Aug. 4 at 12:20 PM
$SPY $APLD $CORZ $CRWV $NVDA
God, I was living outside Denver pre and during dot-com. Think Level3, AT&T Broadband, Sun Microsystems, and all the ex-IBMers there with startups.
And everyone was so excited about the infrastructure. The servers, the fiber, the telecomm centers. It was all a joke, and I knew it then, because it's the software and businesses that sit on top that enmesh customers: goog, amzn. Everything else becomes commodities.
Thats why I stay away and can't get excited about these infrastructure plays. I think the software that integrates financials on blockchain though, and whatever software advances will have IP rights or proprietary protocols or established APIs that developers get to know, and these could be stickier.
Everything else bubbly and of long term marginal value imo.
JMO.