I was going to title this post "A Fool and His Money - OR - The Sure Thing Investment." It might still be a better title.
Quantum computing is the next blockchain. (How are those NFTs doing?) Both the popular media and the investment media are full of articles on how great quantum computing is, and what companies are slated to be the Next Big Thing™, and how you are missing out if you're not dumping your life savings into NFTs quantum stocks.
Sabine Hossenfelder has published a new video Quantum Computing Hype Goes Wild: Bullshit Headlines Everywhere.
Sabine Hossenfelder is a theoretical physicist. She understands quantum theory, and most - not all - of the stuff around quantum computing is still theoretical.
I won't give you advice on what stocks to buy, but I would advise you to be Very, Very careful with news about Quantum Computing; they're 95% bullshit.
People chasing the Next Big Thing™ is not new. From the Dot Com implosion of the 1990s, to the Real Estate Collapse of 2008, to Blockchain and NFTs, and now quantum computing. The quest for the Sure Thing Investment goes back at least as far the Tulip Mania of 1636, and probably farther than that.
That isn't to say that some people didn't make money on all of those things. Amazon was certainly part of the Dot Com craze in the '90s, and they didn't evaporate like so many companies. Some people made money in real estate in the early 2000s, and held on to that money after the market collapsed. I'm sure some people made a lot of money on NFTs, before the bottom fell out of the market for things like Bored Apes. And some people will certainly make money on quantum computing, but not those who chase the bullshit.
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