There's value in being early - in the right thing.
- If you'd invested in Bitcoin in 2016, you'd have made a 200x return
- If you'd specialized in neural networks before the transformer paper, you'd be one of the most sought-after specialists right now
- If you'd started making mobile games when the iPhone was released, you could have built the first Candy Crush
Of course, you could just as well have
- become an ActionScript specialist as it was clearly the future of interactive web design
- specialized in Blackberry app development as one of the first mobile computing platforms
- made major investments in NFTs (any time, really...)
Bottom line - if you want to have a chance at outsized returns, but are also willing to accept the risks of dead ends, be early. If you want a smooth, mid-level return, wait it out...
- If you'd invested in Bitcoin in 2016, you'd have made a 200x return
- If you'd specialized in neural networks before the transformer paper, you'd be one of the most sought-after specialists right now
- If you'd started making mobile games when the iPhone was released, you could have built the first Candy Crush
Of course, you could just as well have
- become an ActionScript specialist as it was clearly the future of interactive web design
- specialized in Blackberry app development as one of the first mobile computing platforms
- made major investments in NFTs (any time, really...)
Bottom line - if you want to have a chance at outsized returns, but are also willing to accept the risks of dead ends, be early. If you want a smooth, mid-level return, wait it out...