I saw the list below of the worlds most valuable technology companies and it did give cause to reflect upon my own assumptions.
I was surprised to see MSFT at the top of the list – it didn’t seem that long ago that MSFT was being put out to pasture buried under the disastrous Steven Ballmer hyperkinetic years where the company seemed to be in perpetual catchup mode and the torrent of money flowing into Apple courtesy of the iPhone. So I decided to have a look at the performance of MSFT versus the FAANG stocks which you can see below.
Its performance over the past two years has not been that shabby – not too bad for a dinosaur. The lesson – be careful about your assumptions.
