Episode 231: Currently my favorite robotic stock isn’t a high tech company like ABB, it’s Starbucks. I believe that over the short to near term, Starbucks will start implementing off-the-shelf robotic baristas that will drastically reduce headcount. This will not only improve profits but also improve customer service.
As I discuss in my book, some of the best investments in automation won’t be the innovators of robotics, but rather the companies that implement robots.
The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
10 Wealth Building Principles: https://www.wealthsteading.com/category/wealth-building-principle/
Full archives are available at: https://www.wealthsteading.com
Subscribe to the Wealthsteading Podcast:
Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles.
For more information visit us at: www.wealthsteading.com or www.investablewealth.com
Copyright © 2017 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.