In his book "Only the Paranoid Survive" Andy Grove, the brilliant former CEO of Intel, called moments where these ideas took hold 10X changes or 10X tsunamis, because they allow us to do things 10 times better. Mobile internet is one of these 10X tsunamis--it's not just about the iPhone or the Pre or the Blackberry. The idea is that mobile devices which allow you to access the web have so proliferated that the way we use expect to interact with the Internet and with information has fundamentally changed. It's not that, all-of-a-sudden, we have cool new products like the iPhone, it's how these devices are becoming a huge and indispensable part of our daily lives. As more and more people feel the need for these products, it's going to drive sales at Apple, RIMM and PALM, as well as their suppliers, the parts makers, the software writers, even the retailers and vendors of the products, much higher than anyone would ever have imagined. Younger people can understand this concept--this theme makes sense as part of your everyday lives.The idea that the mobile internet could be every bit as revolutionary as the switch from snail mail to email, and just as important and game-changing as the move from the typewriter to the personal computer, or from print to the web, makes intuitive sense to you. But few older people, especially not on Wall Street, can see this groundbreaking new technology for what it is, something ten times bigger than any trend out there, something worth potentially hundreds of billions of dollars in revenues and ultimately in stock market wealth creation. That gives you a huge edge on the investing competition.
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