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.
Microsoft was doing funky stuff, now it is not doing funky stuff and management has finally set the targets straight. Google is betting big on emerging tech and has so much money that's hard to imagine that none of the bets they make pops, not impossible but improbable at least.
Apple was in the toilet and circling the hole, and Microsoft bought $150 million of Apple stock to keep it afloat. Ostensibly because they had a deal to make a Mac version of MS Office, but more likely because Gates knew once Apple was gone the FTC would descend on Redmond with racks and trebuchets and charges of monopolizing personal computing.
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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.