The recent sell-off in software and so-called “quality growth” stocks is reviving some painful memories for me.
Big drops this month in the share price of IBM, Salesforce and, in the UK, Rightmove, are based on the fear that Al tech will not boost their operations, as many had initially predicted, but will instead eat them for breakfast.
It takes me back to my biggest investment mistake — an understandable, but costly, error and one that has haunted me for nearly 30 years. There are some lessons I learnt from it that are pertinent to the current situation, though, so for your benefit, I will relive my pain.
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