06-05-2022, 07:15 PM
The average S&P stock has a shorter lifespan than our time spent investing. One advantage to an index fund. Identifying when a company is transitioning from dominant to relevant to irrelevent is important. An oil or pharma might remain at the top of the sector for 100 years. They did if course. Tech not so much. I am very confident in most of FAANG, but a 20 year old buying FB or GOOGL today? The day will likely come that you better be paying attention. An then there are secular trends like tobacco. That requires monitoring as well. I sold them and they will be nothing but a trade unless they do a massive business model shift. That's all for the moment. I have nasty cold.