Investing done well can be boring, and that’s how it needs to be. Legendary investors have emphasized the importance of long-term investing. Renowned economist Paul Samuelson famously explained, “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
It is almost impossible to time the market, and very few people have been successful in doing so. That’s why it’s so much more important to bet on companies that have strong fundamentals rather than stocks. You need to have a long-term view to benefit from the power of compounding that results in exponential returns.
Let’s look at two tech giants that have outperformed the market in the last decade — and should continue to do so in the upcoming one as well.
1. Microsoft is a tech behemoth
Microsoft (NASDAQ:MSFT) is currently just one of two publicly traded stocks to be valued at over a trillion dollars in terms of market cap. The other is Apple. Microsoft stock has been a tremendous wealth creator for investors for several decades.
As seen in the chart below, if you had invested $10,000 in Microsoft a decade ago (and near the end of the Great Recession), that investment would be worth a staggering $50,060 today. But what has driven the company’s stock price higher?
In fiscal 2019 (which…