"Tech (XLK, QQQ) is where cash goes to die," says Bill Smead as research shows massively over-capitalized companies don't perform any better than undercapitalized ones. "There's not enough tension - you don't make very good decisions what to with cash when you've got too much of it - unless you're Warren Buffett." Example #1 is Microsoft (MSFT): "They've probably lost more money in the last 13 years in the online business than any single corporation ... in history."
"Tech (XLK, QQQ) is where cash goes to die," says Bill Smead as research shows massively...
From other sites
Video at CNBC.com (Wed, 5:52AM)
Video at CNBC.com (Fri, 12:09PM)
Video at CNBC.com (Fri, 5:42AM)
Video at CNBC.com (Jul 18, 2016)
Video at CNBC.com (Jul 14, 2016)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs