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From the article. "To be perfectly clear, I am not recommending Airbnb or Google stock here. I like both companies very much and think they are dominant in thei
by motoxpro 4y ago
From the article. "To be perfectly clear, I am not recommending Airbnb or Google stock here. I like both companies very much and think they are dominant in their sectors (travel and search) and likely will continue that dominance for the foreseeable future. But all businesses are at risk of poor management, new competitors, changing market structures and technologies, and many other things. Return comes with risks. Buildings can be risky too. Neighborhoods can change. Tax and other laws can change."
- Mistletoe 4y agoFair enough but his analogy to buying buildings doesn’t make sense then. An index of stocks would be more like buying REITs which by the way have underperformed stocks in the last 5 and 10 years. https://www.fool.com/research/reits-vs-stocks/ https://www.fool.com/research/reits-vs-stocks/
- motoxpro 4y agoHuh? That's not the point of the article at all? He is talking about holding periods and cap rate, not SPY vs a REIT.