Quantum Investing

by Stephen R. Waite

Book Overview

About today's ascendant quantum physics based industries, such as communications, biotechnology and nanotechnology. This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 1587991403
• ISBN13: 9781587991400
• Release Date: November 2002
• Publisher: Texere Publishing
• Length: 288 Pages
• Weight: 1.30 lbs.
• Dimensions: 1.1" x 7.3" x 8.9"

Customer Reviews

Tremendous vision and a bold framework for new ideas

Waite lays waste to the idea that the bursting of the NASDAQ bubble was the end of the technology revolution, and instead puts forth the idea that the "emergence" of nanotech (quantum) capabilities mean this is only the beginning. The book makes a compelling case for the non-linear nature of growth in a knowledge based (as opposed to resourse based) economy. Perhaps, more importantly, Waite introduces the science of complexity and it's framework for understanding complicated systems (as are markets, mutli-celled organisms, weather systems, etc). Complexity theory, developed by the Sante Fe Institute over the last 15 years, is a mechanism by which investors in the modern era can develop a tool kit to read and react to a world of constant change, contagion, evolution and catalytic shock. This is important stuff; well written, concise and comprehensive. It include both the raw information and the framework with which to manage it. It's a body of knowledge the well equiped investor needs in their arsenal.

Scientific advances are increasing exponentially

Waite presents a fascinating description of how the coming (next 25 years) technological advances will have a tremendous influence on the economy, stock market, and our lives. Businesses must be flexible enough to change with the times, or may not survive. The change in the companies that comprise the Dow Jones Industrual Average changed drastically over the years, and the trend will continue. The majority of stocks currently listed in the Standand & Poors top 500 companies will no longer exist 25 years from now. The process of creative destruction will allow those companies benefiting from yet-to-be-invented technologies to grow at amazing rates, replacing those business that fail to keep pace. Noting that more welath was created during the past 100 years than in all previous history combined, Waite feels the rate of wealth creation will accelerate, with the next 25 years producing more wealth than was created during the entire 20th century.The Industrial Revolution was made possible by technologies generated from Newtonian physics, and our future will be enhanced with inventions from quantum based technologies.

Seeing Into the Quantum Future

Quantum Investing provides investors a road map for understanding the impact of innovations in science and technology on businesses. It's a must-read for those looking for an eloquent and cogent synthesis of the forces of quantum physics, complexity science and intellectual assets on the business world.Steve Waite builds a very strong case for the expectation that these forces will combine to unleash a powerful wave of innovation that will wash over nearly all parts of our scoiety. Though the tech bubble has burst in the stock market, it is important to recognize that we have only begun to benefit from recent advances in science and technology. Steve Waite makes it very clear that the real power of recent advances lies in how they combine to drive faster and faster rates of innovation and improvements in productivity. Having better tools enables us not only to do more with less but also to create even better tools. This virtuous cycle is just getting its footing as we begin to taste the benefits of consilience. The stock market may be down over the short-term, but Steve Waite shows that it will rise again on the shoulders of scientific breakthroughs that will reshape our world.

A great read on the next wave of technology

In a single easy to disgest book Stephen Waite explains how quantum science and technologies will have a profound impact on investments and the world we live in. He walks the reader through the key periods of great change in economics, society and wealth creation. This puts in context the next great wave that will effect all of us-quantum-based science and technologies. Waite explains the underpinnings of quantum science and builds an excellent case that quantum based-technologies will have a significant long-term wealth creation potential through much of the 21st century and how the investor came begin to take advantage now. This is a book on investing and a lot more-Waite focuses on potential areas of historically unprecedented opportunities and also on the significant societal benefits emanating from quantum-based development. Waiter sites physicists, economists, historians, futurists and politicians in the text. This gives a multi-dimensional view to the impact quantum technologies will have and that in fact we are beginning to see them today. The book is also well organized with takeaways at the end of every chapter. Given there is so much information for the reader, the chronology of events of quantum science and the glossary of terms are very helpful understanding the ideas discussed in the text.I highly recommend Waite's Quantum Investing to all-To the investor who is looking to take advantage of emerging opportunties and to anyone who is looking to understand quantum science and technologies and how it may change our lives.

Broad science knowledge is key to sound investing

Science is taking society on a magical trip that has tremendous consequences in the way that we plan our futures. Investors to be successful must prepare their trading day by first being cognizant of the drastic changes that science is providing us everyday. A technological breakthrough may mean that the stock that you highly value today becomes the stock that you are ashamed of tomorrow.Quantum Investing is an incredible asset to own as you change over your investing philosophy to one that mindful of the power of science over our lives. Stephen Waite's writing style is smooth and easy I eagerly recommend this book.Rick Torres