Now that you understand the technology that's in place, it's time to take action. How can you take advantage of all these new innovations? Remember, investing in innovation can be the most profitable type of investing. If you can learn more and before the other guy/gal, you can be early in the adoption of the next great technology. Those who can understand the technology well enough to gain conviction have the best chance to invest to generate outsized returns.

But make no mistake about it, investing in innovation can be hard. You have to be able to hold your conviction while the average person is mocking you. Famed investor Mark Yusko has this pinned on his Twitter profile:

The greatest wealth is created by being an early investor in #Innovation

Making that investment requires believing in something before the majority of people understand it

You will be mocked, ridiculed & criticized for your non‐consensus action.

It is absolutely worth it!

We think this is absolutely accurate.