Most people are aware that the dotcom boom was technology-based, but few realise that since the very start of stock markets in the 1700s, the whole shooting match has been driven by technological advancement. The history of the stock market is the history of funding and the speculation in technology: sail, navigation, canals, railways, radio, automobiles, electronic, computing, the internet and finally the internet applications like Facebook, Google and Amazon.
So the way to invest is to catch new technology at a stage where it is exciting enough to be incorporated into listed enterprises, but not so late as to be a later entrant buying at increasingly lofty valuations.
Some people call this investing, but it is in the end speculation, a less respectful way of typifying someone putting their money down to back an opinion. Some will call it gambling, but the thing to recall about gambling is there are groups of people who make huge sums gambling, namely...