Are we getting any signals from US Leaders?
This week we have witnessed Facebook (FB.US) become a $US250bn company. The fastest company to reach this milestone, amazingly now larger than BHP, CBA and Woolworths (WOW) combined. Mark Zuckerberg’s social network company, as illustrated in the movie “The Social Network”, was born only 11 years ago in a Harvard student room. Facebook has achieved so much in just over 10 years compared to what the 3 iconic Australian companies have in recent decades. This is a clear lesson for investors to move with the times, a great company for investors last decade, is not necessarily a great company for the next decade. One exciting aspect of the booming IT industry is the ease / cost of entry, for example no large deposit of Iron Ore is required - come on Australia, time to catch up on the innovation! Today we have focused on 4 pioneering IT companies in the US to identify the short term direction of the broader index. (VIEW LINK)
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