Re:The Stock Market Is Shrinking
by whatyoucantsay on Sunday August 05, 2018 @01:03PM
(#17692238)
> Fang stocks have generated enormous returns relative to the S&P 500 though.
And yet trivial compared to what MS, Oracle, AOL, Yahoo and Amazon generated in the 90s (or 80s as well in the case of MS). The best part of Facebook's growth went to founders and accredited investors such as Peter Thiel, not the public markets the wider public could invest in.
A five-bagger is nothing when you're cherry-picking winners.
And yet trivial compared to what MS, Oracle, AOL, Yahoo and Amazon generated in the 90s (or 80s as well in the case of MS). The best part of Facebook's growth went to founders and accredited investors such as Peter Thiel, not the public markets the wider public could invest in.
A five-bagger is nothing when you're cherry-picking winners.