IoT

[Grieve]

So the mobile revolution (phones and tablets) is getting a bit long in the tooth. The easy money has probably already been made there. The question is, what is next?

I'm banking on The Internet of Things, or the idea of everyday objects becoming connected - cars, fridges, smoke detectors, medical devices, humans, etc. At some point companies at the forefront of that are going to explode, just like Apple, Samsung, Blackberry, etc did with mobile.

So today I took a large position in Splunk, actually my second largest position after Apple. They've been hit hard in the correction, down more than 50% since Feb. I think they are in a great position to be in the cutting edge - they currently do light switches, elevators, air conditioners, and so on. They are also in "big data", another buzzy area right now.

This time, unlike with Tesla (doh!), I'm going to stick with them and not be scared out of my position. I figure in 5 years they will either be worth $1000 a share, or zero...