I wish somebody would tell me just how wrong I am and why but nobody can. You’re not making it any better.
As for correction. 8% is the long cycle RoR and we are about right there right now. A correction moves things to where they belong and with obongo we have not created any value in a long time.
Amazon is profitable, Google maybe, Facebook I don’t get. Just like another phone with more bells ans whistles, just how much marketing data and how much focused marketing do you need?
We have tech peaked with gadgetry in my opinion. How many more unreliable bells and whistles do you need on a vehicle? The kid next door just spent about 3 grand having he motors in the transfer case on his truck replaced after the FWD left him stranded on a S. Texas ranch. Motors on the transfer case so you can have on the dash push button FWD engagement. My Dodge has a manual lever and it works just fine thank you. Ditto for the eyesight mess on Subarus and so many other cars now. Why? Have we all gone vision impaired?
From my vantage point I see a market for old, restored and reliable stuff. But I’m probably wrong since I don’t relate to what many people want.
I like your point about cars today. Also, we bought an old sowing machine and apple peeler at a flea market. These products were manufactured to work reliably and last 1,000 years.