Compelling argument why America's FAANGs will keep rolling and top 2018 performance league

Rational Perspective

Those who have enjoyed the amazing three and a half year ride on the Biznews Global Share portfolio which has delivered compounded annual growth of 28%, often wonder whether our tech-stock heavy focus needs to be adjusted.

I don’t think so. And certainly not after absorbing this US investment insider’s rational approach. An accounting and economics graduate of Wharton Business School who also holds a CFA qualification, Jonathan Golub's reading of the tech bull market has been superb.

Perhaps he has worked out the impact of the Fourth Industrial Revolution. Or, more specifically, the Amazon effect.

We’ve done well by sticking with the Bezos Bulldozer. And given that its traditional rival Walmart isn’t engendering much confidence, there is no reason to change.

Last week Walmart struck a record deal when acquiring 77% of Indian ecommerce leader Flipkart for $16bn. South African group Naspers banked a handsome $1,6bn profit. It was one of only two shareholders to sell out to Walmart, but is in very good company alongside the hottest name in investments right now, Japan’s Softbank, which sold a $2.5bn investment made less than a year ago, for $4bn. Have Naspers and Softbank blundered? Stick around for Howard Davidowitz's pithy comment right at the end of this entertaining podcast.

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