8. Innovation Distraction
With Google — both prior to yesterday's letter and now after – you are getting the best and worst of Silicon Valley in one. On the one hand, you are getting the preeminent search company in the world with probably the best business model in the world tied to it (pay per click). On the other hand, you are getting Xerox PARC.
— Hedge fund manager Eric Jackson comparing the search engine giant to the innovative vision of Xerox – they invented the modern GUI, the mouse and nested file folders and did nothing with it.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio