Being an active investor, we would want to know what is the next big thing, as this is where we can get potentially good returns. Problem is, we mostly know it on hindsight, and it is a bit too late to enter the fray by then. So, before it happens, the answer to the question would be at most a guess, but if we guessed it wrongly, the next big thing may become our next big mistake.
To look out for the next big thing, we need to consider two questions: how to spot it and whether is it long or short term.
Indicators and Signs
On spotting the next big thing, I use two things to suss it out, namely indicators and signs. In my lingo, indicators are statistics, figures and hard data pertaining to the issues at hand, i.e. quantitative, while signs are a bit more qualitative …