From WSJopinion: Here’s a simple lesson for investing: Spot a coming trend and buy something close. No one knows exactly what will take off, writes andykessler.
Here’s an enduring lesson about investment. In the mid-1990s, well before streaming or Blu-ray or even DVRs , I was convinced that every television would someday have an attachment to record and play back shows digitally.
Digital videodiscs were available and personal computers had only expensive read-only drives. But I figured drives that also let users burn DVDs would soon take off, so my partner, Fred, and I started scouring Silicon Valley for technology that would benefit.
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