The cost of computing and data storage has collapsed facilitating the surge in the “internet of things” and a virtual “Cambrian Explosion” of new software and services to be delivered wirelessly.

Posted By on June 15, 2014

The visions articulated years ago by geniuses like Ray Kurzweil and George Gilder are becoming reality. The absolute collapse in computing costs and data storage as depicted in the following charts by Mary Meeker at Kleiner Perkins will enable a surge in productivity that is unforeseen and incalculable by conventional econometric models. That’s my story and I am sticking with it –eh? The implication is you should be invested in businesses that compute and store and not in companies that make computing and storage stuff. Software is a king. Hardware is a serf. Aberdeen tries to find companies that are kings. Jeb B Terry, Sr. June 15, 2014

Decling cost to compute MM KPCB 6-13-14

Decling cost of data storage 6-13-14

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About The Author

Mr. Terry draws upon over 30 years of investment experience in the areas of venture capital, leveraged buy outs, foreign emerging markets and public stock markets. From 1976 to 1980, Mr. Terry was engaged in venture capital and corporate finance at First National Bank in Dallas. From 1980 to 1986 he was engaged in private equity investing in diverse industries. From 1986 to 1990 Mr. Terry was Co-General Partner of a private hedge fund affiliated with a high net worth Texas family office, involved in investment activities including convertible arbitrage, venture capital and strategic investing in public securities. From 1991 to 1996 Mr. Terry managed a team of four professionals to provide hedge investment services to high net worth clients. Hedge services included rigorous fundamental evaluation and technical analysis of portfolio companies. Prior to starting Aberdeen in August, 2001, Mr. Terry was a VP in the Private Client Services Group of Bear Stearns & Co., Inc. focused on technology and emerging markets. Mr. Terry has an MBA from Columbia Graduate School of Business and a BBA from Southern Methodist University. Aberdeen Investment Management, LLC is a Registered Investment Advisor in the state of Texas.

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