Re: Looking for a product

-----Original Message-----
From: WileyCCC@aol.com [mailto:WileyCCC@aol.com]
Sent: Monday, September 23, 2002 5:38 PM
To: R
Subject: Re: Looking for a product


In a message dated 9/23/02 1:22:05 PM, Ric@pop.com writes:

<< Any suggestions or
products ideas? >>

sure, but name one field you enjoy... >>

In a message dated 10/4/02 1:37:04 PM, Ric@pol.com writes:

<< I like a variety of areas Sports, Wine, Travel (although these seem to
be more industries) vs a field like a Doctor or Mechanic. As I mentioned
I can't seem to find my "passion product" I'm open to pretty much any
suggestions except high tech (it changes too fast and too much
competition)

Thanks again,

rick

I'd say high tech since high tech it changes so fast and there is so much
competition... since the last decade high tech was the subject of an econ
bubble, with massive malinvestment, the products from the field, both
software and hardware, are junk.

Some real money is now to be made in high tech, inventing what should have
been invented, but was impossible, with welfare queens like Gates and Ellison
and Gilder (their business is in major govt contracts and subsidies and
protections) at the controls, not much worthwhile was developed. Certainly
we saw no productivity gains from 92 to 2002. Now materials, skilled workers
and everything else is dirt cheap, and vast swaths of the world has
manufacturing capacity awaiting entrepreneurs, it is a field wide open for
massive profits. The difference is now the profits will go to the
entrepreneurs, not the bankers and politicians who stood in line scamming
workers in a massive ponzi scheme. (Please don't mistake these harsh words
for bitterness, I made money on the way up, turned to shorting in March 2000,
and have been cleaning up on the way down. I think being self employed one
quickly learns to spot scams, even if the government and bankers are running
them).

If you have any interest in hi-tech at all, don't wait until the recession
completely tidies up and takes msft to $8 and eliminates most of those still
standing, get into it now with what is needed and take advantage of where we
will be in 3-5 years. (Wayne Gretsky said his success was in going where the
puck would be, not where the puck is.)

John

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