It’s easy to lose a longer term perspective when banging around in the markets everyday.   Here is a clip from the February 1982 issue of Technology Review, which illustrates why it’s important to think longer term and another reason why we always bet on technology.

We’re at the elbow of exponential innovation.  Think linear and miss out.  Think exponential and imagine what’s to come;  and that, our friends, is what, we believe is driving Apple’s stock price.

(clip here if clip is not observable)