Folks, read once more the paragraph I'm copying below from Stan's post. If you don't believe it as much as Stan and I do, you really shouldn't be heavily invested in the high-tech sector. If that's the case, at most it should be a small portion of your portfolio that adds diversification.
I should add that if you find dealing with the volatility emotionally difficult, that's very understandable and there's nothing wrong with it. But if that's the case, remember that life is too short to be worrying about your investments and that the solution is to minimize or eliminate your investments in high-tech stocks.
--Mike Buckley
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1. Technology is driving the world to spin, faster and faster, resulting in a self-perpetuating, self-amplifying cascade. More technology....more productivity...more and faster progress....more technology....and so on and so on. The US has the Technology; the rest of the world wants it, and because it desperately doesn't want to slip further behind in a political-ecosystem that has the world becoming increasingly capitalistic and trade-oriented. Hence, the demand for US Technology should be insatiable, in almost any environment that I can imagine, short of war. I dunno about aluminum, forestry, agriculture, utilities, etc., but I have great confidence in the future of High Tech. I think High Tech will generate ever increasing earnings; and increased earnings will be reflected in share price. |
