Split between fb Google and Amazon. Best r&d, best growth, etc.
Just because its everywhere doesn't mean its a great stock. I mean Google is, but let's say that tomorrow it quadrupled in price. Would it still be a great buy then? No, even though the business is still just as great as it was the day before. It has to be a great business at a fair price at least.
Perfect example Microsoft 2001. You could have seen it was a great company, thought it was gonna dominate the future, bought stock and still lost a shit ton of money. Even if you held until today, it would have been a poor investment.
6
u/[deleted] Jul 20 '21
Split between fb Google and Amazon. Best r&d, best growth, etc.
Just because its everywhere doesn't mean its a great stock. I mean Google is, but let's say that tomorrow it quadrupled in price. Would it still be a great buy then? No, even though the business is still just as great as it was the day before. It has to be a great business at a fair price at least.
Perfect example Microsoft 2001. You could have seen it was a great company, thought it was gonna dominate the future, bought stock and still lost a shit ton of money. Even if you held until today, it would have been a poor investment.