Wealth Formula Podcast

Remember ARPANET? There’s a good chance you don’t. It was a precursor to the internet that essentially allowed researchers to access each other’s data. It was actually a revolutionary technology that, as you know, ultimately led to the creation of something that fundamentally changed the world. With the rise of the internet and all the companies built on top of it, a lot of people made a lot of money quickly. During the burst of the dotcom bubble, a lot of people also lost a lot of money. People like to bring that dotcom bubble up all the time to show the classic fall from grace of a new asset class—just like tulip mania in early 17th century Europe, right? Well, not really. Tulips never really recovered. On the other hand, two of the first trillion dollar companies in the history of the world, Amazon and Apple, arose from the ashes of that dotcom bubble. If you were lucky enough to ride the wave of those companies all the way up, you’d be a very wealthy person today. Easier said than done, right? So, why do