Learning
Learning to the Top 🕵♂️
Hi JD,I am not a day trader nor a professional investor. I do not care for the changes in the financial industry that play games with people's money. I invest in companies that I believe have produced something following trends with great potential in the consumer market.
My degree is in Electrical Engineering, but I am a Software Engineer by profession. I acquired BrainChip's PCIe hardware to play with AI as a hobby, using it to perform classification from sensor input. I know the technology exists and that it works. What I do not have in front of me is competing technology for comparative benchmarking.
My holding in BrainChip is the largest of any stock I have ever held in a company. Yes, it is a gamble, but I believe in where the markets are heading and the product that BrainChip has produced to get us there. I firmly believe in my investment. If it fails, that is on me.
The company does not, and should not, control the stock price. There are too many factors beyond the company's control to do this. What I do want the company to do, is to be motivated to continue innovating the technology, securing patents, marketing the technology aggressively, and ensuring that they hire the best talent in the field.
Akida 1.0 was not a failure and is still a commercially viable product. I believe the decision to offer IP was wise, giving the company a way to make recurring revenue without the overhead cost of producing silicon which companies are not yet ready to adopt, especially in this economic climate. I believe the company would be in a worse-off position than it is today had it gone that route.
BrainChip has accomplished getting kits into the hands of companies that do want to embrace change and evaluate the technology for their business. Additionally, they have introduced curriculum into universities to be at the forefront of those young minds choosing a career path in AI. This is not unlike the same move that Apple made in its early years by donating its hardware to schools. I know this because my High School had an Apple IIe lab full of donated machines, which I enjoyed using often.
I have chosen to reward management for making decisions that were best for the company's continued survival in the current market, securing patents to protect its technological advantage, and acquiring individuals with the contacts that are needed to get the technology exposed to an industry that has yet to see its value. The company has also listened to those who have evaluated the technology and decided to incorporate that input into Akida 2.0.
I believe that in good times, the share price will follow the company's survival and what I believe to be its eventual success. BrainChip cannot force other companies to adopt a new way of doing things, but there will be companies that will lead by example. When the benefits of using this technology are realized, others will follow or be left out. There is always the risk that a better mousetrap will evolve, but over the past few years, even the juggernauts such as IBM and Intel have yet to materialize this. What's interesting is that in neuromorphic news, BrainChip's name appears alongside them.
Feel free to pay a visit if you must, as I would not mind discussing why I believe rewarding what I feel are the choices that will benefit the company, not the day traders. I think, in turn, this will be of benefit to the long-term shareholders. These are my views and opinion, not investment advice. As I have said, I will continue to hold and reassess this investment in 2025.
I totally agree with this sentiment.
'I firmly believe in my investment. If it fails, that is on me.'
I have invested in the share market for building wealth. However, as my investment are in negative territory. It's quite uncomfortable to look at too atm.
BRN is also, my biggest holding and is also currently 52% in negative territory. But I can only blame myself really, for not timing the purchase. So that's on me.
Day like today, just a few more beer will make my day better. Tomorrow will be another day. And if I have more funds Monday, I would buy more BRN without a heart beat. But I don't.
I started investing in Brainchip, because Akida is the only commercial Neuromorphic computing available.
Later this year into mid 2024 will tell me if I have make the right choice, choosing Brainchip as part of my wealth plan.
Time will tell.
Learning 🏖
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