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jkaufman comments on Look for the Next Tech Gold Rush? - Less Wrong Discussion
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EMH is the reason I didn't bother looking. All my money is in index funds, I told my parents to put all their money in index funds, etc. But after stumbling into assets with returns in the 100x-1000x range (or 100% to 500% annualized), twice, it seems time to update a bit.
How many assets have you purchased that didn't turn out to be valuable? A friend just looked up the price on a lego set that had been sitting in his room unopened since he was a kid (right after he opened it and built it...) and found that it was worth ~500x what it originally sold for. But most toys people buy and leave unopened are going to be nearly worthless a decade later.