04-20-2021, 11:29 AM
I have been thinking about this for a while...you know how there are certain "sea changes" that come along and we never go back to doing things the same way again. For example, once streaming music came along there was little chance we would all decide to go back to putting music on cassettes and dealing with the limitations of that format. Streaming is better. But then there are things that we start to do differently and then it blows up and we decide to go back and do it the old, "better" way. For example I think we have mostly decided that virtual learning is not nearly as productive as in-person learning for most kids, even though virtual seemed like the way of the future.
In terms of investing, when I listen to podcasts or radio/tv programs on investing now, 80% of the time I am hearing about Bitcoin, NFTs, SPACs, Wall Street Bets etc. If I hear anything about stocks it is mostly about ARK ETFs. The closest thing I ever hear about "old fashioned" investing is Index ETFs but even that is talking about stocks as if they were something like Bitcoin; a commodity to be traded in and out of with the push of a button. The notion that you are buying ownership in an actual business seems irrelevant to most these days.
Is this a sea change that is here to stay? Do I have oldmanitus or some day will these new forms of "investing" crash down and the public will once again turn to the old fashioned notion that you buy a piece of companies that you like and you feel will grow over time and then you hold them forever to bequeath to your children?
In terms of investing, when I listen to podcasts or radio/tv programs on investing now, 80% of the time I am hearing about Bitcoin, NFTs, SPACs, Wall Street Bets etc. If I hear anything about stocks it is mostly about ARK ETFs. The closest thing I ever hear about "old fashioned" investing is Index ETFs but even that is talking about stocks as if they were something like Bitcoin; a commodity to be traded in and out of with the push of a button. The notion that you are buying ownership in an actual business seems irrelevant to most these days.
Is this a sea change that is here to stay? Do I have oldmanitus or some day will these new forms of "investing" crash down and the public will once again turn to the old fashioned notion that you buy a piece of companies that you like and you feel will grow over time and then you hold them forever to bequeath to your children?