| Taking a look at the giants of today. https://onethousand.in/AMZN https://onethousand.in/GOOG https://onethousand.in/NFLX https://onethousand.in/MSFT https://onethousand.in/AAPL A pretty clear pattern emerges, the good investments in tech are the ones which are dominant in their respective industries - and able to grow the market rather than fighting for market share. Unfortunately newer patterns in private financing may not allow retail investors to participate in this growth. Compare the above results to FB https://onethousand.in/FB Although if FB repeats its last 8 years performance over the next 8 years it will net 36x gains since IPO over 16 years... and be a 4.5 trillion dollar corporation. Even the old guard of Intel, Cisco and others do well. Owning cisco since 1990 nets 832x growth, owning juniper since 1999 nets 1.4x. |
Amazon looks nothing like it did in 1997. This was pre-AWS, pre-Prime, pre-just about everything.
Apple survived a point in the late-90's/early 2000's where they could have easily gone belly-up.
Netflix was only delivering DVD's by mail.
I'm not familiar enough with the environment when Microsoft went public.
Google was a solid company that dominated search at the time. They've obviously grown a ton since but their returns aren't remotely close to what Amazon, Netflix, Apple, or Microsoft would bring.