In the video he makes the same usual arguments that out of all the stocks, only a handful of them succeed, and the chances of being able to pick out the winners is slim... So you're better off just sticking to total market ETFs.
Then he references studies showing that the people in the past who invested in tech revolutions (canals in the 1770s, railways in the 1820s-50s, internet in the 1990s-2000s) always ended up in a bubble and then a bust midway through the revolution. Meaning that people who invested during the run-up to the bubble popping underperformed.
One interesting quote from the video:
"Investment returns do not come from a company's growth. They come from the relationship between a company's future profits, and how much you -- the investor -- paid for those profits."
The video is titled "Investing in Technological Revolutions" by Ben Felix on YouTube, if you're interested in checking it out.
Submitted December 21, 2020 at 03:06PM by Okmanl https://ift.tt/2WAJV7J
