Think about, for a second, what the world would appear like if Steve Wozniak and Steve Jobs had been extra concerned with San Francisco actual property than computer systems.
The pair based the corporate we all know at this time as Apple by promoting Wozniak’s scientific calculator and Jobs’ Volkswagen van. That cash was sufficient to start out Apple on the trail that not solely delivered the world residence computer systems but in addition the iPod and iPhone.
It was an enormous, and in the end profitable, monetary gamble by the pair.
The advantages of that call within the mid-Seventies can’t simply be measured in Apple’s market capitalisation (someplace north of $2 trillion) – the productiveness good points are nonetheless being felt at this time.
Had Wozniak and Jobs, fairly than construct and market a PC, invested in property, they might have made sufficient cash to be very comfy. However you would possibly nonetheless be listening to music on a Sony Walkman whereas ready to your visible show terminal to heat up sufficient so you could possibly use it like an electrical typewriter.
In financial phrases, it’s alternative value – what you give as much as do one thing else. Within the Apple case, the prospect of creating a breakthrough in computer systems was (thankfully) extra engaging than a life in actual property.
It’s turning into clearer that, as a rustic, Australians are making the opposite selection.
Our tax system, our financial coverage settings, our fiscal settings and even our tv applications all drive us to sink cash into actual property fairly than one thing that may be riskier however might ship large, long-term good points.