Some of these tech giants will fail

With so many companies routinely setting all-time highs, it’s good to remember it won’t always be like this. As Howard Lindzon said a few weeks ago, in a post recalling Yahoo’s dominance (all subsequent fall):

There are so many giant technology companies crushing it right now that it is easy to forget how hard it is to stay relevant.

The average lifespan of a company in the S&P has plummeted over the last fifty years.

I’m not predicting any particular tech-giant will go the way of Yahoo. It has happened many times before and it’s hard to believe it will be any different now.

The futility of timing buys and sells

A good reminder of the futility of trying to time markets from a Howard Lindzon post a few weeks ago:

Eddy also has a great reminder on why timing the markets when it comes to owning the best companies is rather silly.

Etch this Amazon chart and their numbers into your head: If you bought Amazon at its exact high 18 years ago, and held on, you’re beating the S&P 500 1,284% to 180%.

via Blockchain Lindzon and Competition for Stocks at Howard Lindzon

Stick to familiar companies

Good reminder from Howard Lindzon to stick to what you know when it comes to investing. Buffett stresses this in his investment philosophy as well.

Valeant never interested me on the way up. Pharmaceuticals and biotechs are too complicated for me to understand. Wall Street and greedy executives take advantage of these complications.

via Dirty Money and Pharmapalooza at Howard Lindzon

$GRID & Rise of Solar & Wind Energy [via Howard Lindzon]

Today, Gregor is out with a new series on the rise of Solar and Wind and if this interests you, I recommend spending a few dollars and downloading it.

The short version is as Gregor told me today… stick with $GRID.

via The Rise of Solar and Wind at Howard Lindzon

Howard Lindzon on the vast difference in returns based on slight timing changes

Although it’s been easy to make money – if you are long – this stat blew my mind about the S&P: Since 1993, if you bought the S&P 500 on the open and sold on the close each day, your return would be -5.2%… But if you did opposite (bought on the close, sold on the open the next day) your return would be a stunning 568%.

via Melt Up… and My First Momentum Monday of 2018. at Howard Lindzon

Apple is still Value at Nearly 8x Bitcoin

From Howard Lindzon’s post Apple is my Favorite Crypto Asset comes a reminder of how small Bitcoin is compared to other asset classes and even single companies, despite the seemingly unending tear it’s been on this year.

At $7300, Bitcoins now are valued at over $120 billion.
Apple this morning is just 7.5 times more valuable than all the Bitcoins in the world.

I hope Bitcoin passes Apple in terms of total market value as I still hold some, but I like the idea of owning Apple just a little more at this morning’s ratio.

PS – I heard tonight from a Coinbase investor that 100,000 people opened accounts today. As Bitcoin continues to rise, I check it’s price first on Stocktwits when I open the app. We have entered a very strange point in time where the Bitcoin rise might just be pulling the general markets along.