Big Tech is the best way to play AI (and the best way to beat the returns of the S&P 500 and hence the vast majority of professional investors over the next 10 years)
Big Tech is the best way to play AI (and the best way to beat the returns of the S&P 500 and hence the vast majority of professional investors over the next 10 years)
"The only companies capable of disrupting Big Tech companies are other Big Tech companies
IF a Big Tech company is disrupted by another Big Tech company - the economic value derived from said disruption is likely to be approximately equal to or greater than the value it disrupted (i.e. competition within the group as a whole will not result in profit cannibalization)
Big Tech is undervalued relative to the S&P 500"
Replace "Big Tech" with "Big Tobacco" each time and amazingly it's still true.
"The only companies capable of disrupting Big Tech companies are other Big Tech companies
IF a Big Tech company is disrupted by another Big Tech company - the economic value derived from said disruption is likely to be approximately equal to or greater than the value it disrupted (i.e. competition within the group as a whole will not result in profit cannibalization)
Big Tech is undervalued relative to the S&P 500"
Replace "Big Tech" with "Big Tobacco" each time and amazingly it's still true.
That's a really interesting comment and makes sense to me. What I guess the Tobacco is missing compared to tech are the big secular tailwinds.
can you share the updated weights so I can be lazy and not do it myself? Thanks haha