Archive: pick and shovel coin

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I’ve always been a fan of pick-and-shovel plays — especially in emerging technologies. Picking winners as the dynamics of the industry are constantly shifting is incredibly difficult. But if investors can identify the technology that any new technology can’t be built without, they’ve found a way to de-risk a potentially volatile investment while still cashing in on a new industry’s upside. The early days of the internet were filled with companies that most people don’t remember…