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John Candeto
John Candeto
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Spree Capital Q2 2021 Letter

Spree Capital Q2 2021 Letter

Tags
EssayThatcher MartinSpree Capital
Link
https://1ff55a09-c905-429a-8983-9112f20bb3a2.filesusr.com/ugd/de07f6_93a7743bb3f24198a2d79dad4efa8a48.pdf
Date Consumed
Oct 24, 2021
Count (Month)
18
Created
Oct 24, 2021 1:24 PM
Last Edited
Oct 31, 2021 3:35 AM

For any innovator, business, or problem solver, the sum of all human knowledge is only a smartphone away. The implication of this level of connectivity to this depth of knowledge is only just beginning to be realized.

Amara’s Law refers to the phenomenon where one tends to overestimate the effect of a technology in the short run and underestimate the effect in the long run. Cloud computing strikes us as a prime example of this phenomenon.

Cloud computing infrastructure is akin to giving every tinkerer in past technological revolutions access to immediately scalable and inexpensive textile mills, steam engines, steel furnaces, moving assembly lines, and microprocessors. Providing the masses the freedom to experiment unlocks the potential of technological breakthroughs in ways that was simply not possible in past technological revolutions.