FutureWealth: Investing In The Second Great Wave Of Technology (Hardcover)

~ (Author), Sean White (Author) "The American economy was turned upside down during the past decade in one of the most tumultuous revolutions in world history..." (more)
Key Phrases: falling information costs, cheap information, falling cost, Moore Time, Big Bang, United States (more...)

Editorial Reviews

Amazon.com Review

Two leading seers of the Internet predict the best investment opportunities for the next decade in FutureWealth. Francis McInerney and Sean White believe the plummeting cost of information is revolutionizing the world's economy and creating fantastic potential for wealth creation. "Throughout history, wealth has been generated by one fundamental force: the falling cost of information," write McInerney and White, advisers in the telecommunications industry for financial institutions and other investors. "Those who have known how to harness it have made fortunes. Those who have not have been destroyed."

McInerney and White point out that consumers are getting more and more clout in the marketplace because of the collapsing price of computers and other technologies. In an era that will be dominated by consumers, companies must be deft at using the Internet to cut distribution time and reach customers directly. The best-positioned companies are Cisco Systems, Dell Computer, Charles Schwab, and Wal-Mart. All enjoy great cash flow, tremendous market share, rapid growth, and strong brands that will thrive in the global economy. The authors also like Amazon.com, Sprint, and Sony. On the other hand, they see uncertain futures for giants such as AT&T, Intel, and Yahoo! While Yahoo! boasts a global brand, for example, it is also dangerously reliant on advertising, an unproven revenue source on the Internet.

A quick read backed by impressive research, FutureWealth is a fascinating account for investors or anyone interested in some of the trends and top companies that are driving the Internet economy. --Dan Ring

Review

"Authors McInerney and White cleave through incredible confusion and uncertainty to provide both insight and foresight. FutureWealth is provocative and arresting in its clarity. In an environment where few old rules still apply, they have developed an invaluable road map for both business executives and investors alike. For anyone involved with the communications/high tech sector, this is a must-read."--Van Cullens, President, Harris Corporation

"McInerney and White have given us a clear perspective on how and why we are where we are, but, more important, on where we are going in all major industries. If you have wealth and would like to keep it in the twenty-first century, FutureWealth is a must-read. And if you are just starting to accumulate wealth, you'd better read it quickly."--James Bowe, CEO, The New York Board of Trade

"In FutureWealth, McInerney and White present a compelling conceptual framework that illuminates the momentous changes in our era. As computer networking, telecommunications, and electronic media converge at the speed of light, the societies and economies of the world will transform in ways we can only imagine. This book is a must-read for those building tomorrow's businesses and institutions."--Steve Halsted, Chairman and CEO, The Centennial Funds
-- Review

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Product Details

• Hardcover: 352 pages
• Publisher: Truman Talley Books; 1st edition (March 22, 2000)
• Language: English
• ISBN-10: 0312253206
• ISBN-13: 978-0312253202
• Product Dimensions: 9.6 x 6.4 x 1.2 inches
• Shipping Weight: 1.5 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #1,953,177 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

25 of 25 people found the following review helpful:

4.0 out of 5 stars Another View of Future Wealth, June 2, 2000

By	Peter J. Cassimatis, Professor emeritus of ec... (Eastchester, New York) - See all my reviews

The central thesis of this book is that the continuously falling cost of information will be the main source of future wealth for individuals and corporations. McInerney and White start by establishing four Laws. First, cheap information allows customers to pay lower prices. Second, as the cost of information falls, computer power shifts from big computers to small ones. Third, value added always flows to the least regulated,and Fourth, the three Laws operate simultaneously. Based on their experience as consultants to corporations, McInerney and White assert that four companies, Charles Schwab, Wal-Mart, Dell Computers, and Cisco Systems, conform precisely to their specifications. They discuss many others as well. Although a lot of information is covered in short chapters, the book is easy to read and it should be of interest to those concerned with wealth creation in the ever changing new economy.

19 of 20 people found the following review helpful:

5.0 out of 5 stars seminal !, March 14, 2000

By	Douglas S. Churchill (Palm Beach Gardens) - See all my reviews (REAL NAME)

as a professional securities trader and investor ... finally someone enlightens us to the implications of what is happening in the whole economy as a result of the "new economy"...why the "brand" stocks of several years ago are like death and in fact may be dying ... why middlemen amd manufacturer reps are in deep trouble ... why microsoft is in a panic that may not help it ... every manager of every company should be required reading ... would suggest corporate retreats to discuss topics of book ... just the best book i've read in 20 years

4 of 6 people found the following review helpful:

4.0 out of 5 stars No future for PC, April 5, 2000

By	Viraj Gandhi (BOMBAY) - See all my reviews (REAL NAME)

Good book. The author writes a lot about what is not going to work. But not enough light is shed on the actual future. The book is way off mark in predicting the death of telephones. Are we all going to talk over the net? Worth a read.