Futurewealth: Investing in the Second Great Wave of Technology

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.

An excellent read. Their blunt candor in this era of obfuscation is refreshing. The insights and predictions certainly provide food for thought.

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.

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