FANG
There was the nifty 50 on the 1970s and 1980s. There was the tech boom in the 1990s. There was a tulip mania in the previous centuries (1637) , and now there is the "mooning" of the cryptocurrency in contemporary times. And now we come to the FANG, a group of US technology companies which share value has appreciated tremendously in recent years. Facebook Apple Netflix Google Unlike Peter lynch or Warren Buffet, I don't have a strong opinion about whether technology companies are worth their salt or not. Both talked about buying simple business that even a idiot can run, a balance sheet that is clean and relatively debt free, capable management, investments moat and that can generate good returns with low capex, and whether it is within your circle of competence. For facebook, it is a different ball game altogether. Facebook is very management driven and led by leaders with strong vision and personalities to make things happen. Granted strong management can give