Understanding the "Heat of the Herd"

My Publisher asked me about this term… [Gilder's Daily Prophecy] April 13, 2020 [UNSUBSCRIBE]( | [ARCHIVES]( Did the “crash” just make this huge 2020 income play even BIGGER? [please enable images](World’s #1 Scholar on the Fed just discovered something crazy… The market chaos might actually be making some people wealthier than ever! They’ve used a breakthrough strategy to pull in as much as $10,200 in a single day. What’s even crazier? Anyone can start doing this today. [You can get the details here.]( [Editor’s Note: I encourage you to check out the Wall Street Journal Opinion section today. George wrote a piece on the critical importance of politicians as the coronavirus lockdown continues. It’s certainly striking a chord. As I write, there are 1,309 comments. [Click here]( to check it out.] Understanding the "Heat of the Herd" [George Gilder]Dear Daily Prophecy Reader, Last week, my publisher Doug Hill asked me a provocative question: “What do you mean by the ‘heat of the herd?’” I have long been an advocate of the unlicensed bands of the electromagnetic spectrum — the spans of radiation that are free from the exclusive assignments allocated to the established telcos through the auctions of the Federal Communications Commission (FCC). Called the ISM bands, these unlicensed domains apply to industrial, scientific and medical uses in factories, laboratories, and hospitals, which cannot seek a new FCC allocation every time they wish to change a frequency or conduct an experiment. I have been predicting that all the creative action in wireless would ultimately migrate toward these unlicensed bands. And indeed today some 80% of all traffic passes through unlicensed Wi–Fi channels. Even though only a small share of Wi–Fi runs in factories, labs and hospitals, the FCC under the visionary leadership of Ajit Pai has allowed Wi–Fi to expand and become the dominant source of wireless connectivity for all. My longtime colleague and guide in the Telecosm, Bret Swanson reports on some of the results of this regime: “By now, many of the early–pandemic metrics of internet robustness are familiar. Zoom “zoomed” from 10 million daily users to 200 million. Microsoft Teams jumped from 32 million to 44 million. Comcast, a good proxy for residential broadband, said its average peak traffic is up 32%. The US movie box office may be down 100% from 2019, yet Netflix stock is near all–time highs.” 04ghd74j - 3b95 - dt38 - 43vg - g7sp38gt See this 32-digit code? It’s the prototype for a brand-new digital infrastructure that is set to replace the “old internet” as we know it. Act now and you could profit from a market poised to grow 8,473% or more by 2024! [Continue Reading >>]( The Most Important New Standard For the past year, however, I have been pretty much alone in predicting that the new Wi–Fi standard called WiFi6 would prove to be more important for the future of mobile communications than the establishment standard of 5G (fifth generation wireless). I have even conveyed the idea that WiFi6 can become a kind of 15G, offering at least threefold greater ultimate returns than 5G to the economy and thus to investors. Doug sent me a link to the [Drudge Report]( featuring an article from Bloomberg by one Tara Lachappelle alerting the world to WiFi6 as the most important new standard, the “upgrade the internet needs.” When Drudge joins with Bloomberg to tout a new technology, so I thought, it is a portentous moment. When everyone knows something, the opportunity tends to be over. I told Doug I was experiencing an alarming sensation of the “heat of the herd.” I was prompted to coin the phrase by the swashbuckling natural gas explorer of Canadian Hunter Corporation, who wrote: “You have to recognize that every ‘out front’ maneuver you make is going to be lonely. But if you feel entirely comfortable then you’re not far enough ahead to do any good.That warm sense of everything going well is usually the body temperature at the center of the herd.” Well, these days my indignation toward the coronavirus residential lockdowns and business closedowns has earned me a chilly response from many of my favorite people in the world. No heat of the herd here. My appreciation of some of the achievements of Chinese entrepreneurs in the face of excessive Communist party controls have evoked a frigid response from many conservative friends. My critiques of Trumpian mercantilism have failed to bring any warming comfort to my life as a Republican. Although I have been a severe critic of Google philosophy in Life After Google, I regard this outstanding innovator neither as a monopolist nor as a privacy invader. I have been surprised to discover how many advocates of free enterprise — even passionate libertarians at FreedomFest — think government should crack down on social networks. So even at FreedomFest, I felt no heat of the herd. Doug Hill assures me that I am still in the lonely vanguard on WiFi6, so my followers can still gain 15G returns. I believe he is right. But I will remain vigilant and tell my readers when to enter and when to move on to the lonely redoubts of yet more inviting investments. I will remain alert to all signs of the heat of the herd. Regards, [George Gilder] George Gilder Editor, Gilder's Daily Prophecy P.S. The central banks have opened up a Pandora’s box of opportunity. My colleague Graham Summers has discovered what he believes to be a flaw in the currency markets. With this breakthrough, his research might explain why some people have the potential to get richer every time the Fed takes action. No one has ever seen a strategy quite like this for income generation before. [Click here to check out this brief video Graham has created to find out what’s going on.]( THE “SECRET” WHITE HOUSE MEETING THAT COULD GUARANTEE TRUMP’S REELECTION IN 2020 [Enable_Images_Please](There were no official cameras… No official minutes were taken… No official record was made of the meeting at all. But we’ve uncovered what I believe was discussed at this meeting and the GAME-CHANGING impact it could have on the markets… [Click here to discover how you could make a killing.]( [Gilder Press] To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, [click here to unsubscribe](. 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