Ignore the Hype: Financial Strategies Beyond the Media-Driven Mayhem by Brian Perry

Author:Brian Perry [Perry, Brian]
Language: eng
Format: epub
Tags: Business & Economics, Personal Finance, Investing, Accounting, General, law, Banking
ISBN: 9781119691273
Google: -Zz6DwAAQBAJ
Publisher: John Wiley & Sons
Published: 2020-09-01T20:31:12.584822+00:00

Still not convinced that things change, even if it is difficult to see a future in which your investment does not thrive? Consider the following company, which was the largest in the world during its time. In fact, the company in question was the largest the world has ever seen. At its peak, its inflation-adjusted market value was $7.9 trillion. To put that in context, that's equal to the combined market value of all of the following:

The maker of the iPhone (Apple)

The dominant search engine (Google)

The maker of Windows, Word, and Excel (Microsoft)

The world's biggest online retailer (Amazon)

The number-one social media network (Facebook)

China's leading online marketplace (Alibaba)

America's largest energy company (ExxonMobil)

America's second-biggest bank (Bank of America)

Warren Buffett's company (Berkshire Hathaway)

America's fourth-biggest bank (Wells Fargo)

America's biggest retailer (Walmart)

The largest credit card company (Visa)

America's second largest energy company (Chevron)

The maker of baby powder and Band-Aids (Johnson & Johnson)

China's leading technology company (Tencent)

America's largest phone company (AT&T)

South Korea's largest company (Samsung)

The seller of 100 billion Big Macs (McDonalds)

The company that popularized electric cars (Tesla)

The company that introduced streaming video (Netflix)

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