3 ms·
The Tech Sector Is Over
- pmart123 8y agoI mean this is true, Bookings is not a tech company, nor is Facebook (advertising). I do think Microsoft, Nvidia, Intel, or New Relic would still classify as technology companies for example. Some large companies are a bit trickier such as Amazon and Apple. The same could be said for whether Bayer is now a pharma company or agro-chemical company after the Monsanto acquisition. Overall, this just demonstrates the issues surrounding mass indexation. Technology trends can make index weights and exposures non-sensical depending on the pace of innovation, mergers, etc. My last startup used a distance metric on business segment revenue, named competitors, etc. to come up with a better taxonomy and distance metric for company comparisons versus single buckets.