"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.
Incredibly thought-provoking. You are a very smart man.
"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