A lot has happened in the last ten years, and that’s on the very short end of my long term view for investments. I can look back and know clearly what the public view of the companies I was investing in that did well, and how they were making money. I can also see where I was trying to buy something in hopes of turnarounds or other dreams of big profits on a lowering stock with a bad narrative.
Apple - I was a buyer of AAPL 0.00%↑ around 2013, when there was some decline in the stock. I could also see that the iPhone was here to stay, along with other devices. Apple has continued to innovate and has an extremely loyal customer base (my whole family included).
General Electric - It was always one thing after another that would solve the issues that the company was facing. First we’d get GE 0.00%↑ Capital out along with things that weren’t around it’s manufacturing core. Then we’d get rid of unwanted stakes. It has been a continual struggle, and a good lesson that having a clear understanding of the companies ability to be profitable is important.
As I look to the future, I see a lot jumping on the META 0.00%↑ bandwagon and can’t help but think of the current vibe of Facebook being a declining trend. While there are other components of the company, the core is not something that is going to be around ten years from now in my opinion. The company is also dumping money into something that I can’t see as a reality of the world we live in.
I’ll stick to what I know. That’s still AAPL 0.00%↑ , among many other great companies out there!