snappyz
09-19

$Broadcom(AVGO)$ If you have owned AVGO for 10 years you have realized growth of 17X your original investment. Through that whole period it has been consistently called “overvalued”. Obviously it wasn’t because value can’t be be given a formula that fits all stocks.

If you’ve owned AVGO you are up 50% year to date and you’ve doubled your investment in a year. Going forward expect the same if not better performance. Growth in Tech. Is still in its infancy and anyone who doesn’t believe that is certainly going to miss out on wealth building opportunities.

I don’t agree with the “contrarian” theory because buying on trading dips is what most true investors do. I’ve owned AVGO more than 10 years as well as $NVIDIA Corp(NVDA)$ .

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