[Steve9]

The long term investors here should read this report :

http://blog.bcaresearch.com/wp-content/u...larity.pdf

Quote:

Rising human intelligence has been the underlying driver of long-term economic growth. Before the Industrial Revolution, gains in intelligence were the product of cultural, and perhaps genetic, changes.

Once humanity was freed from the Malthusian trap, a virtuous cycle began in which higher levels of material prosperity led to improved environmental conditions, including better nutrition and education. This, in turn, led to further gains in intelligence.

Although these environmental factors, at least in the developed world, appear to be stalling, technology offers a way forward.

If Moore’s Law continues to hold, computers will be able to simulate a human brain by 2030. This, along with breakthroughs in genetics and nanotechnology, could boost human intelligence by a previously unfathomable magnitude, ultimately triggering a “technological singularity”.

Long-term investors should overweight tech stocks, whose valuations now stand at multi-decade lows compared with the broader market. Within the tech sector, BRAIN stocks – Biotech, Robotics, Artificial Intelligence, Nanotechnology – will be the leaders of the next great tech boom.