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Happy New Year 2022 Everyone!

Since Q4 is in the books for most companies, below are the updated prices for the morning of January 2, 2022 to continue the roaring 20's. ;-)

Not too much new since the last post. Facebook has changed their name to META Platforms, Inc., Nvidia had a stock split, Microsoft has flexed its muscle, Salesforce acquired Slack, Oracle announced their intent to purchase Cerner, and the S&P 500 made a good run for the year.

A general reminder that this thread is simply a look at some of the important large technology companies that hold a dominant percentage in their respective markets (with amazing DCFs), and how the stocks have done since March 16, 2008 when a poster rightfully challenged the premise of investing for the longer haul with such companies in what he thought was an overvalued market at the time.

The poster that challenged the premise and has since joined in with some discussion about market timing and his/her version of thoughts on technology companies that may or may not be involved in the technology adoption life cycle as we know from the Moore books on this board:

LifeForceDancr (Elmer Fudd)

Aliases:
LifeForceDance (7/16/2015), HelpfuLFD (10/23/2005), lifeforcedancerr (8/1/2005), lifeforcedanceri (3/14/2005), Hacktester (11/27/2002), Transfigurement (3/25/2002), LifeForceDancer (2/18/2002), stvfox (8/20/2001)

LifeForceDancr challenged the premise when he said this on 3/16/2008:

This is the most overvalued stock market in history. Stocks around the world began their crash today. Crickets? Just when this board starts to make a noise is when the market will get squashed again.

As well as this...in a previous post on this board from March 16, 2008 entitled Warren Buffet was Right where he said:

To think that somehow the current environment is going to pan out differently in the long run is the height of foolishness. This board should be kept at the Fool indefinitely to remind us to stick to basic investing principles.

And so it is - at least while I'm still posting. How has the height of Foolishness panned out since those posts for investors who stuck to basic investing principles - especially with regard to the technology adoption life cycle - regarding long term buy and hold? I will add the caveat that Buffett is not keen on timing the market. One of his famous quotes from his 1998 shareholder letter says “Our favourite holding period is forever.”

You can read more quotes from Buffett and thoughts on market timing from an article by Larry Swedroe here:

https://www.evidenceinvestor.com/panic-and-sell-now-what/

To be fair, markets did indeed experience a mega-drop with the S&P 500 dropping 56.8% during the financial crisis from Q4 of 2007 to Q1 of 2009. It was the second mega-drop of 50% or more (or reversion to the mean event) for the majority of current investors had experienced following the previous dot-com bust earlier in that decade. History guides us that investors will indeed see more of those in the future since, on average, such mega-drops come along every 18 years or so. They are a feature of the stock market.

In spite of that, here we are today as investors still focused on the longer term and seeing how the dominant technology companies and their share prices have performed (including the drops). Some of the companies are doing better than others these days, but in aggregate the basket still remains a viable long term buy and hold up to this point as does their dominance and ability to flex their muscle and expand into other areas/markets.

This latest update is for January 2, 2022:

AMZN on that date closed at $66.53 on 3/16/08

AMZN 1/2/22 = $3343.33
AMZN 7/9//21 = $3719.34
AMZN 11/25/20 = $3181.19
AMZN 6/9/20 = $2613.90
AMZN 1/17/20 = $1866.74
Up 4,925.3% since 3/16/08

*INTC on that date closed at $35.52 on 3/16/08

INTC 1/2/22 = $51.59
INTC 7/9/21 = $55.99
INTC 11/25/20 = $47.08
INTC 6/9/20 = $63.27
INTC 1/17/20 = $59.31
Up 45.2% since 3/16/08

*MSFT on that date closed at $22.15 on 3/16/08

MSFT 1/2/22 = $336.79
MSFT 7/9/21 = $277.94
MSFT 11/25/20 = $213.90
MSFT 6/9/20 = $190.46
MSFT 1/17/20 = $165.74
Up 1,420.5% since 3/16/08

GOOGL on that date closed at $210.15 on 3/16/08

GOOGL 1/2/22 = $2900.00
GOOGL 7/9/21 = $2510.37
GOOGL 11/25/20 = $1768.85
GOOGL 6/9/20 = $1459.53
GOOGL 1/17/20 = $1462.04
Up 1,279.9% since 3/16/08

*NVDA on that date closed at $4.21 on 3/16/08

NVDA 1/2/22 = $294.28
NVDA 7/9/21 = $200.44
NVDA 11/25/20 = $129.43
NVDA 6/9/20 = $90.33
NVDA 1/17/20 = $62.16
Up 6,890% since 3/16/08

*ORCL on that date closed at $17.36 on 3/16/08

ORCL 1/2/22 = $87.38
ORCL 7/9/21 = $87.76
ORCL 11/25/20 = $57.43
ORCL 6/9/20 = $54.24
ORCL 1/17/20 = $55.04
Up 403.3% since 3/16/08

*QCOM on that date closed at $30.83 on 3/16/08

QCOM 1/2/22 = $182.76
QCOM 11/25/20 = $145.41
QCOM 6/9/20 = $89.83
QCOM 1/17/20 = $95.44
Up 492.8% since 3/16/08.

CRM on that date closed at $13.88 on 3/16/08

CRM 1/2/22 = $254.15
CRM 7/9/21 = $245.06
CRM 11/25/20 = $254.12
CRM 6/9/20 = $174.55
CRM 1/17/20 = $181.98
Up 1,731% since 3/16/08

*AAPL on that date closed at $4.05 on 3/16/08

AAPL 1/2/22 = $177.72
AAPL 7/9/21 = $145.11
AAPL 11/25/20 = $116.15 (Accounts for the 4 for 1 split)
AAPL 6/9/20 = $86.08
AAPL 1/17/20 = $78.95
Up 4,288.1% since 3/16/08

NFLX on that date closed at $4.71 on 3/16/08

NFLX 1/2/22 = $604.50
NFLX 7/9/21 = $535.98
NFLX 11/25/20 = $483.45
NFLX 6/9/20 = $434.43
NFLX 1/17/20 = $338.28
Up 12,734.4% since 3/16/08

FB (META) closed at $38.23 on 5/18/12

FB 1/2/22 = $337.46
FB 7/9/21 = $350.42
FB 11/25/20 = $275.77
FB 6/9/20 = $238.82
FB 1/17/20 = $221.16
Up 782.7% since 5/18/12


BRKB on that date closed at $84.90 on 3/16/08

BRKB 1/2/22 = $299.22
BRKB 7/9/21 = $280.49
BRKB 11/25/20 = $233.10
BRDB 6/9/20 = $196.05
BRKB 1/17/20 = $231.58
Up 252.4% since 3/16/08

*Added an asterisk to denote the companies paying dividends.

On average, the Gorillas are up 3,181.2% on share price alone compared to Berkshire's 252.4% gain since Lifeforcedancr's post on March 16, 2008 and the S&P 500's 270% advance since 3/16/08.

S&P 500 on 3/16/08 = 1288.14
S&P 500 on 1/17/20 = 3329.62
S&P 500 on 11/25/20 = 3627.29
S&P 500 on 7/9/21 = 4369.55
S&P 500 on 1/2/22 = 4766.18
Up 270% since 3/16/08

BB

Full Disclosure: I do own individual shares in all of the stocks listed above (yes, including Berkshire Hathaway BRK-B). I have been working for one of the technology companies listed above the past 4 years, and I have a daughter who works for another one of the technology companies listed above for the past 5 years.
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