It struck me like a thunderbolt yesterday while reading the previously mentioned June 14 issue of Fortune Magazine > you can’t make money in the past! Because it’s over, done, gone!
People pay money for what they think is valuable. Long ago people valued land, then food, then possessions and today people highly value knowledge especially as it relates to quality of life. We live in the “Information Age“.
Consequently, trying to become wealthy based upon what people valued in the past is a sure way to fail. It wouldn’t make sense to try to make a fortune today by selling 8-track tapes, or even cd’s at this point…why because people value mp3 and instant access today. Think ipod, itunes and others like them.
The latest crop of billionaires Bill Gates, Michael Dell, Google guys, Zuckerberg (Facebook), founder of ebay, amazon or John Sperling (started Phoenix Univ.) ALL did something NEW. They created NEW markets, NEW categories. Remember this;
Prior to 1952 it was considered “impossible”
In 1952 Dr Paul Winchell invented the first artificial heart.
In 1982 the first artificial heart was placed in a human
In 2004 the FDA approved the use of an artificial heart.
Prior to 1954 it was considered “impossible”
Roger Bannister broke the 4 minute mile on May 6, 1954. Within a year a whole
bunch of people broke the 4 min mile and now high schoolers do it.
Prior to 1967 it was considered “impossible”
In 1967 Dr Christiaan Barnard performed the first human heart transplant
Today there are appx 10-15 heart transplants every day somewhere in the world.
Prior to 2009 it was considered “impossible”
To affect gene behavior or activity
I’m sure by now you’ve heard the famous quote from NHL star Wayne Gretzky;
“ I Skate to where the puck is going to be”
Where’s your puck going to be?