Being both an oil trader and financier and tech investor, I am frequently asked about my general views on the oil and tech sectors at large given the ever changing financial and political disturbances out there. Well for a start, you might think that tech is today in a bubble as a company whose sole product is a photo sharing app in which the pictures get deleted after they are shared just turned down $3 billion.

1. Oil and Technology What Makes the World Go Round
Being both an oil trader and financier and tech investor, I am
frequently asked about my general views on the oil and tech
sectors at large given the ever changing financial and political
disturbances out there.
Well for a start, you might think that tech is today in a bubble
as a company whose sole product is a photo sharing app in
which the pictures get deleted after they are shared just turned
down $3 billion.
Maybe.... But the reality is that even if there is a bubble in the
making there are really no consequences. Unlike the late 90s,
technology is now established. If one company blows up, other
entrepreneurs will start a new one or join someone else. So If
you really think about it, the cost of failure has never been so
low, ever.
By the same token, and for the sake of argument, I don't think
that the tech and software sector is even close to eating the
world.

2. Take a look at the Fortune 500 2013 - Fortune on
CNNMoney.com. There are hardly any software companies on
there. Google is #55 with a $52.2B in annual revenue. Facebook
is barely hanging on at #482 with $5.1B in revenue. The largest
electronics company is Apple at #6 with $156.5B in revenue.
The second largest is Hewlett-Packard at #15 with $120.4B.
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Thank you
Ziad K Abdelnour