Yes, because many internet companies benefit the companies you use off-line.

Sorry, but what are you talking about?

I'm not sure. I'm not questioning Fred's writings but trying to tackle my own suspicions about investing so heavily in software that exists in something we call a "cloud", something we can not hold, something that can vanish just as easily as it can be created out of thin air. I'm trying to question how we value the purely digital as investments.

You make it sound like only physical items are worth investing in.

Did you invest in your education?

> something we can not hold, something that can vanish just as easily as it can be created out of thin air.

Physical things can vanish in any number of ways (e.g. fire) and restoring from a backup is non-trivial.

you can get access at a library or a friend's house.