waiting instead of wasting

This is the theory I have regarding technology. I choose waiting over wasting. What do I mean by that? Let me explain. Technology is constantly improving. It's amazing to me how I always fall into the trap of thinking that they can never improve on a concept. Then, when I least expect it...BAM! They come out with something better. Take DVD players for example. There was a time when they were the new thing replacing VCR's. They cost so much at the time. People were spending hundreds for the new technology. I was not one of them. I waiting. And within a few years, I owned the technology for like $40. I thought DVD's were it. There's no way they could improve on that, right? Wrong. Now they have Blu Ray. I saw a Blu Ray Player on sale the other day for a couple hundred dollars. I bought a nice, brand new DVD player for $25. Instead of wasting money on the latest technology, I just wait for the prices of the "old" technology to drop when something new comes out. I save so much money. I'm a little behind, but better off for it. That's why I waited for the PS3 to come out before I owned a PS2. Why should I waste my money? No reason I can think of. Have your technology. I'll keep my cash.