I feel like I've talked about this before ill just say it again. My investing strategy has evolved significantly over the last couple of years. I used to chase meme/very speculative names but with time I realized that it's much better to own quality and just hold. I still dabble with speculative names but i'm realistic about my "stock-picking" capabilities to not go all-in on risk.
I really think in the future, concentration will increase, with market leaders either outcompeting competitors and leading them to extinction or simply buying them.
I made a point in my portfolio to buy quality, in many cases industry-leading companies. Why? Because they have the highest odds of continued growth, r&d, and in most cases, they've
proven that they can monetize their ideas. These types of stocks make up the backbone of my portfolios. It's names like MSFT, Apple, CRM, BABA, FB, Tencent, etc.
Some interesting news today that continues to reinforce this view for me.
Quote
REDMOND, Wash. — Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets.
Microsoft and the Army separately announced the deal Wednesday.
The technology is based on Microsoft's HoloLens headsets, which were originally intended for the video game and entertainment industries.
https://kimatv.com/news/local/microsoft-wins-22b-deal-making-headsets-for-us-army#:~:text=Warren,%20File)-,REDMOND,%20Wash.,with%20its%20augmented%20reality%20headsets.This post was edited by ofthevoid on Mar 31 2021 03:48pm