I'd put it even simpler. He's betting on uncertain future technologies, where it's completely unclear if the technology he is pursuing will work out.
Ten years ago nobody was particularly certain electric cars could ever be feasible, and currently nobody is sure that hyperloop will ever be feasible either.
In other words, is that next fitness peak even there? Or is it a mirage?
I don't think the current major players are lazily sitting on their hands, they just tend to focus more on the march of incremental improvement than blue sky research. Which can be incredibly valuable- the last hundred years of automobiles and fifty years of semiconductor manufacturing has been mostly the march of incremental improvement.
Ten years ago nobody was particularly certain electric cars could ever be feasible, and currently nobody is sure that hyperloop will ever be feasible either.
In other words, is that next fitness peak even there? Or is it a mirage?
I don't think the current major players are lazily sitting on their hands, they just tend to focus more on the march of incremental improvement than blue sky research. Which can be incredibly valuable- the last hundred years of automobiles and fifty years of semiconductor manufacturing has been mostly the march of incremental improvement.