El Guapo.......
Allow me to be the first Knight from the Roundtable to officially welcome you to the best, most intelligent and most civil Thread in S.I.'s Cyberspace. King Arthur will undoubtedly follow this with his own warm welcome.
This bull market is likely to last the remainder of our lifetimes.
Bold statement. I don't know about the Bull Market......but I agree with the essence behind your comment, which is that we're in a very Special Age, and good times will roll far beyond historic expectations. (And for this reason, in part, I think semiconductor cyclicity will moderate, since I can imagine processors and chips of many types, embedded into everything, including coffee cups! <g>)
The other strength of YHOO, and the other 'new economy' stocks, is that they're almost entirely people-powered.... In this 'new economy', almost everything is powered by software.
Much of this is true, and I agree to a large extent with your first post. My question for you is this: how do we pick out those Hi Tech companies with better, smarter software engineers, and distinguish them from those companies with average engineers. I mean, how can we as G&K investors see the difference between Sycamore and Juniper, short of being on the inside early, or being on the outside late, if the main difference between these companies is the quality of talent. I've given a hypothetical example, but I am asking you how can investors judge the talent differences between competing companies, prior to when the better company's stock price explodes?
Sir Apollo |
