05-05-2021, 05:52 PM
(05-05-2021, 05:39 PM)Otter Wrote: DASH is trash. AAPL, ADP, AMZN, BABA, CSCO, GOOG, INTC, MSFT, ORCL, PLTR, PYPL, SQ, and dozens of other tech companies are not. This isn't the late 90s where almost everything listed on the NASDAQ was a purely speculative play with no profits anywhere to be seen. It's just standard sector rotation.For the rest of our lives, and the market will over-react in both directions along the way like it always has.
Tech should continue to be where the growth is for quite a while. It has been one of the brightest spots in the economy for the past 20 years, and should continue to outperform for decades to come.
Railroads remained a pretty lucrative investment and high-growth industry for roughly a century. Hard to imagine now with industrials being so cyclical, and just following the rest of economic activity around, but industrials were the IT of their day once the U.S. began industrializing in earnest after the Civil War. The industrials boom didn't start to taper off domestically until the 1960s. It succeeded in taking us from a majority rural and agrarian population to a majority urban population with necessary supporting industrial output to sustain that. Took a very long time to build out the infrastructure, and was extremely profitable.
From a long-term perspective, we are still in the first innings of tech being the primary growth engine of our economy. Lots of wealth creation still to go.
This is why I was concerned with Ken's port when he first got here. A port that was 75% tech and mostly triple leveraged. Not many could withstand an actual drawdown without being shaken out, or at least worrying about it all the time. He's clearly a nice guy and I didn't want to "witness" that. It's actually none of my business but glad he added some diversification. Unleveraged chip stocks could pull back another 15%. I don't expect that but they aren't dirt cheap after this pullback.