Investing advice, book recommendation for tech stocks from top manager - Business Insider

It is widely believed that humanity has lived through three industrial revolutions.Secondly, mass production enabled the industries that brought us electricity, steel, and other technologies that defined the 19th century.

And now, Schwab believes we're going through a fourth industrial revolution. Here's how he described it in a blog"The possibilities of billions of people connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge, are unlimited. And these possibilities will be multiplied by emerging technology breakthroughs in fields such as

He said the book helped him understand how these technologies are quickly sweeping the globe, and "how extremely important it is to understand what's going on with disruptive innovation and technological advancement to be able to succeed in the investment arena." For context, skyscrapers and the rail industry would probably not exist without steel, while the world's most valuable companies today — which are mostly software-related — would not have blossomed without the internet.

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