Premium: From the FT: FAANGS will be back – it’s a matter of when and at what level

Why do the FAANGs matter so much, and why should we be alert to a chance to buy them at a discount?
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It's a fascinating time to analyse stock market pundits. They fall into two distinct camps – those who warn the recent selloff is only the start; and those who believe while more pain is likely, it's once again time to consider co-ownership of profitable high growth companies – especially the FAANGS (see excellent piece below from the FT's Robert Armstrong).

Most of those in the "wait for capitulation – it hasn't come yet" camp are basing their view on history. The opposition believes emergence of mega-stocks whose revenues continue to grow exponentially as they expand their share of a transforming economy, suggests the past is not a great pointer to the future. 

A few weeks ago after I strayed into the realm of investment advisory, a good friend sent a sharp email warning against such folly. His well intended advice has been absorbed. Because for the vast majority of mankind – and especially those whose occupations deliver knowledge a mile wide and an inch deep – trying to read or time markets is irresponsible. 

___STEADY_PAYWALL___

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