By Stephen McBride via Iris.xyz
Many smart investors I talk to genuinely believe it to be the truth.
If you accept this widespread lie, you’ll likely make poor decisions when investing in disruptive companies.
Here, I’ll explain the real truth and why it matters to disruption investors.
Your Smartphone Is More Powerful than an Early ‘90s Supercomputer
Your smartphone can do the job of a whole collection of gadgets.
It’s a phone, camera, camcorder, Walkman, watch, wallet, radio, global map, TV, VCR, and computer all in one.
And keep in mind, all a supercomputer does is crunch numbers. We have “Moore’s law” to thank for this.
Named after Intel founder Gordon Moore, it observes that computing power doubles roughly every two years.
This has led to exponential growth in computing power.
As you may know, exponential growth “snowballs” over time. It builds momentum and eventually leads to vertical gains, as you can see here:
For the past few decades, computing power has more or less followed this path.
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