The market bites right now. For good reason. Financial leverage and greed run amock. Guess what…It will pass.
The next long-term bubble will be bigger and better. It will be so because of Social Leverage. It is the perfect currency for making money. Furthermore, social leverage is not something any government body will likely have to control. Everybody will have access to it. Look at on-line poker. A kid in Russia can sit at the same table as a bank CEO in Manhattan. No edge. The US Government mucked that up. They won’t be able to for long and in non-gaming areas of leverage will not have any control.
Facebook, MySpace, Linked-In and Google have the blogosphere amped up about the Social Graph. Fred is doing a great job covering the play by play and has an awesome post about it being in the second inning .
First off, he is right.
More important to me is Social Leverage. Social Leverage is the value diverse and people on the edge of the graph can obtain from tapping the graph. Sure the super connected and rich don’t necessarily need or use the communities and therefore the graph. But they will listen to the noise because it will be deafening when properly used.
There are going to be thousands more Wallstrip’s built in record pace over the next century that did not even have the better developed benefit of current social networks. We had blogs, airplanes and Craig’s List.
Countrywide Credit, Enron, WorldCom….financial leverage and greed. They always end the same way.
Business built using social networks as the backbone…social leverage and endless opportunity. Thousands of ways to get in the game. It’s just the beginning.
I know where my money is being invested for a long time.