<p>Invest in good wine, at the worst case, you drink it…</p>
<p>^^I remember these guys from Louis Rukeyser. As far as technological advances, there are always technological advances so I wouldn’t count the future out yet.</p>
<p>That is the bullish argument. It could come true. Look at the way knowledge has exploded the last 10 years. There is some ad running now mentioning this. Society may just be getting started.</p>
<p>Society is just getting started. We are babies. If we were iced and brought back 100 years from now, we would be simpletons. We couldn’t handle the information overload.</p>
<p>It cracks me up when people act like they are so great. They are not great. </p>
<p>Since it was mentioned in another thread, Fred Astaire and Gene Kelly are great. Bill Gross is dust.</p>
<p>The rich are apprehensive about spending and are investing very conservatively.
Getting rid of the payroll tax cut, a tax cut where the money is spent, and is therefore stimulative to the economy, is bad economics.</p>
<p>Whatever…</p>
<p>Mario Gabelli used to be a regular on Lou Ruckeyser’s show. His Gabelli Asset fund has been good bet for me.</p>
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<p>Technology is advancing at a torrid pace. We’re so used to improvements we’re used to it now. Intel will be shipping 14 nanometer chips in 2014. The diameter of a hydrogen atom is 0.1 nanometers so we’re talking transistors with the spacing of 140 hydrogen atoms. Is that incredible or what? Oh, yeah, they’re going to keep getting smaller from there for a few more generations.</p>
<p>Technologies that could make displays out of a material that you could use as wallpaper. Implants, DNA analysis to find the best cures for diseases.</p>
<p>Son works on DNA analysis. We could do a ton more exploration and analysis if we had computers that were a few orders of magnitude faster than what we have today. We should eventually get there.</p>
<p>I forgot about Mario Gabelli.</p>
<p>BCEagle91, what you mentioned in your post number 2746 is incredible. Really incredible.</p>
<p>From Interactive Brokers…</p>
<p>"
NOTIFICATION - FRENCH TRANSACTION TAX</p>
<p>Interactive Brokers would like to inform clients of the French Financial Transaction Tax (FTT) enacted in March 2012 and which comes into force 1 August 2012. Key information regarding the tax is provided below:</p>
<p>Tax Rate: The rate is currently set at 0.20%</p>
<p>Tax Base: The tax is assessed on the purchase of certain French equities. The French Ministry of Finance has released a list of 109 French companies whose securities are subject to the FTT. The tax is due on the net position delivered on settlement date, as such purchases and sales which settle at a common depository will be eligible to be netted for determination of the tax.</p>
<p>Effective Date: The FTT is applicable to trades of August 1, 2012. IB anticipates charges to customer accounts shortly after this date</p>
<p>Transaction Types: The FTT will be applied to both exchange trades as well as delivery of shares on exercise of an option or future contract. The FTT may also be applicable to shares received from a corporate action; however at this time the full scope of the corporate action types subject to FTT is unconfirmed.</p>
<p>For a current list of companies subject to FTT as of August 1, 2012 click here."</p>
<p>BCE according to TED talks on Netflix on genetics (I’ll get the link if you want it) it now costs around ten grand to sequence an individual human genome. Incredible stuff. </p>
<p>I suppose if some guys from the Pleides got on TV to say howdy the market would react…</p>
<p>We take this stuff for granted today.</p>
<p>Take a look at robotic surgery today. Absolutely incredible stuff that permits all kinds of procedures.</p>
<p>Even my dentist has incredible technology and he’s had it for over ten years. He sticks a camera in my mouth to take a picture and then designs a crown or only on his screen, pushes a button and a machine in the basement makes the crown or onlay and he installs it. All in one visit.</p>
<p>I could write for a long time on the stuff that I’m familiar with and it wouldn’t scratch the surface. Tech is all around us. We take it for granted.</p>
<p>I have Gabelli Growth fund for mymtoungest daughter,purchased 10k when she was born in 2000, not working out well ,thus far. :(</p>
<p>I like reading the technological advances. Very positive stuff.</p>
<p>Somebody today was telling me about 3D Priniting.</p>
<p>[3D</a> printing - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/3D_printing]3D”>3D printing - Wikipedia)</p>
<p>“Three-dimensional printing makes it as cheap to create single items as it is to produce thousands and thus undermines economies of scale. It may have as profound an impact on the world as the coming of the factory did…Just as nobody could have predicted the impact of the steam engine in 1750or the printing press in 1450, or the transistor in 1950it is impossible to foresee the long-term impact of 3D printing. But the technology is coming, and it is likely to disrupt every field it touches.”</p>
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<p>I hope Fidelity has a way to disable trading by country. I’m never going to trade French stocks.</p>
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<p>Son has a friend at a company where they will do it for $5K. Or you can buy their machine for $900,000 and do as many as you want on your own. The main customers of this tech are pharmaceuticals developing gene-specific drugs. That is they may come up with a drug that will work on you if you have a particular genetic profile.</p>
<p>“Son has a friend at a company where they will do it for $5K. Or you can buy their machine for $900,000 and do as many as you want on your own. The main customers of this tech are pharmaceuticals developing gene-specific drugs. That is they may come up with a drug that will work on you if you have a particular genetic profile.”</p>
<p>Great… Great.</p>
<p>Three dimensional printing has been around for a bit, the next big thing is 3d ‘printing’ of organs for transplant…</p>
<p><a href=“http://www.bbc.com/future/story/20120621-printing-a-human-kidney[/url]”>http://www.bbc.com/future/story/20120621-printing-a-human-kidney</a></p>
<p>Awesome. I guess I can’t retire. With all these technological advances, I might outlive my money. :)</p>
<p>With transplants, stem cell advances etc., I wonder how long it will be before people are immortal?</p>
<p>So…how is marriage going to work? </p>
<p>Are we going to be married to the same people for 1000 years?</p>
<p>Are we going to do the same jobs for 10000 years?</p>
<p>Will we be able to eat as much chocolate as we want?</p>
<p>You will be able to continue working,no reason to retire, when the end is not near</p>
<p>Wouldn’t it be great - working at the same job for 10000 years!</p>