I cannot overstate the importance of investors paying attention to what’s happening in the world.
If you want to become seriously wealthy, you have got to know that the world is changing…and how!
For example, during the 20th century, we used oil to power our homes and cars, and to make many of the products we use daily. We still use a great deal of oil these days, and global consumption is increasing, but…there’s a new sheriff in town.
Oil is no longer king of the hill when it comes to the worlds most valuable resource. That crown now belongs to data.
That’s right. Data!
If you don’t believe me, just look at the five most valuable companies in the world: Apple, Google, Amazon, Microsoft and Facebook.
The mobile revolution has increased the amount of data the world generates by a staggering amount, and that number is only going to increase. Think of every text, post, email and video we produce every minute of each day. All this data in the form of searches, purchases, conversations, social media posts, pictures, location tracking, travel arrangements, dating apps, food delivery apps, and…well, you get the picture.
All this engagement creates data that is very important to all companies, tech and otherwise. The information we produce daily gives companies insights on human behavior that have not been available at any other time in human history.
Companies that have the greatest amount of data have a competitive advantage like no other. This is why data has become the most valuable resource on planet Earth.
Until next time, Joes!
My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.
Click here to be taken to its Amazon page.
(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)