Snake Oil

Discussion in 'Investing' started by TomB16, Nov 22, 2024.

  1. TomB16

    TomB16 Well-Known Member

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    I've been thinking about snake oil technology and how many billions have been spent on them without commercial success.

    Quantum computing - This could turn out to be a real thing but I am extremely skeptical of this technology.

    Nuclear fusion - I suspect this will come, eventually, but I'm not certain and think about the cost to date. And, no commercial reactor in sight. Wow.

    Self driving - I bought into the FSD vision of Elon Musk, way back in the day. Keep in mind, Tesla introduced AutoPilot in 2014. Tesla AutoPilot is amazing technology and I expect the problem will be solved, at some point, but the goal posts continue to move further away.

    Any thoughts?
     
  2. roadtonowhere08

    roadtonowhere08 Well-Known Member

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    I am not sure I would categorize any of this as "snake oil". For it to be snake oil, it has to be pretty much demonstrable BS sold to the gullible/ignorant. See high end audio for tons of examples.

    I would say the three things you listed as eventualities with a huge R&D necessity up front. All three will change the world but time and money are the name of the game right now.
     
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