Quantum Computing Could Change the World. Just Don’t Buy the First Wave of Stocks.

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Last month, the Royal Swedish Academy of Sciences awarded the Nobel Prize in physics to three scientists for their research on quantum information science, one of the most surprising and—as it turns out—most commercially alluring scientific discoveries of the past 100 years. 

Yes, the quantum computing revolution is coming. But it will take time, probably longer than is comfortable for investors in the handful of quantum start-ups that have managed to reach the public market. This is a textbook case of Amara’s Law, coined by the futurist and engineer Roy Amara: “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” 

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