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blue penguin report Youguru!
Daily Back in 1993, Guru started the company that would grow into Blue Penguin and the Market Letter known by this title. It was a time of great excitement, a new, progressive President and a dizzying array of new technologies making their way into the marketplace, after a period of stagnation and regression. A time a lot like this time. Some of the names are even the same! I was a market professional, whose academic work and career training had been focused on economics, securities analysis and trading strategy. But I'd learned a lot in my first decade of working in the field, things that made me want to do something on my own - free from the 'industry' and obligations to ideas other than the ones I generated. I'd noticed four things in particular; 1.) Most of the Investment Banking industry was beholden to Feudalist mythology that had ZERO to do with the securities we worked with. 2.) Ideas were based upon what USED to be, not what was to come. 3.) 95% of the energy went into SELLING and PROMOTING the product and only 5% into understanding it or the Macro-economic climate these companies operated in. 4.) Technological advances were the engine of growth in Society, politically, socially and above all, economically. It was obvious to me that my financial acumen was only half of what would be needed to be successful. I needed to understand Science and Technology if I was going to understand the direction of the future and the places where investment made SENSE. And, more importantly, where it did NOT. I originally teamed up with a group of young engineers, who were well versed in the developments in a range of scientific and technological arenas. We met regularly and I used their guidance to steer me into new areas of interest and to gauge the places where growth was likely to occur and then looked towards securities that were well-positioned to benefit and those who would be rendered obsolete. My engineers steered me, and my clients, towards developments in Cell Phones, Bio-Tech, Construction, Telecom and, a Defense Department project brought into the Public Domain, something called 'The Internet'. For me, it was 'Proof of Concept', and I have attempted to blend my financial experience and Macro-Economic understandings with a wealth of brilliant Scientific minds who help me to navigate worlds of technology that will drive the future. As it was in 1993, this is a time of economic stagnation, but it is more a case of the molting of old skin than a sustained downturn. American society has been cajoled into a fantasy walk with its past, with 19th Century ideas about extraction industries and feudalist economic theory. Predictably, that has crumbled in upon itself. There are no more illusions. The Future will be found in - the FUTURE, not in the past. We can look backwards to understand much that governs humanity, but not what drives her economics. We are on the cusp of technological change that will make the lives we live today seem quaint, just as people 100 years ago did, just as we all did back in 1993. The Blue Penguin Report will feature regular commentary relating to both the Financial domain that is my arena and the Technological world that is covered by my colleague, Steve. Day by day, week by week, we hope to take you towards greater understanding and investment performance, by breaking down complex subject matter into easily digestible format. And, if we do it right, you'll enjoy the ride.