Who called the death of taxis?, page-43

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17/12/17

22:05

Post #: 29693309
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Originally posted by Mongrel ↑

"trials" does not equal actualisation. Jet packs were "trialled". Hover cars were "trialled". Hell, even Cherry Cola was "trialled" in Australia. None came to pass.

A feature of technological advance is that "long dreamt" technologies take a lot longer than people ever think to bring into being, while unexpected technologies burst onto the scene in a much shorter time than ppl could imagine.

Driverless cars have been talked about for decades. All this talk, and no manufacturer has come close to a Class 4 car yet, let alone a Class 5. Not saying it wont happen, but if you're saving your shackles to buy a driverless car, I'd suggest you put the money into a very long term deposit account.

My prediction is pretty straight forward:
Driverless busses (incl people movers) along set routes: within 6 years.
Driverless trucks along set routes: within 10 years.
Driverless cars with no route limit: within 15 years, but more likely 20 years.

Perth wont "kick of next year with driverless taxis". A limited trial will be done. Just as there was a limited bus trial in South Perth this year. Funnily, can't catch that bus now, because it was a TRIAL.

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You should buy only a business if you can project it minimal for 50 years into the future otherwise don't buy
Quote from Warren Buffett .( check his portfolio it makes sense )
Unfortunately I don't have that with cabcharge

CAB Price at posting: $2.03 Sentiment: Sell Disclosure: Not Held
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Who called the death of taxis?, page-43

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