Cash in as nanotech finally comes of age

People got very excited about nanotechnology a few years ago. But nobody could explain exactly what it did. Once oil and house prices boomed, it became yesterday's fad. But it could soon make a comeback. Eoin Gleeson examines the industry, and picks the best stock in the sector.

Investors were quick to latch onto the promise of internet stocks. After all, if you had a computer, you only had to log on to grasp its possibilities. The story was so simple, you could explain it to your grandmother she probably invested herself.

Nanotechnology was a different story. People got very excited about it back in 2003. But nobody could explain exactly what it was for. Once oil and house prices started to boom, nanotech became yesterday's fad.

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Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.