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.