There are those with the money and egos that need to be early and those with the money and egos that are happy to be late.
The pattern is almost always the same with Corporate America as well. Ignore…pile in. We are not yet in the pile in phase and the corporate cash coffers are thick with cash. They are even blogging. Good to see Visa $V blogging about Square today.
It is why I have chosen trend following as an investing pattern. I don’t need to be first and I know that corporations and foreigners will be late.
Right now, we have a perfect storm that continues unabated. The government prints money, the world has shrunk, there is a deflation in wages and a deflation in bandwith costs. The smartphone has added a massive fuel to the fire.
When it ends is for economic bloggers and Roubini.
You did not need to buy the market when Warren Buffet took out a full page ad in the New York Times in 2008 declaring it was a good time to buy. You did need to pay attention though. We were closer to a bottom than a top.
You do not need to sell the market just because Visa is blogging about Square, $GS is the banker of Facebook and JP Morgan just announced a social media fund, but for shits and giggles, I would gather we are closer to a top than a bottom.
All that said, I will ride the trend in the public markets until prices take me out and hope the CEO’s running startup companies can read the tea leaves or find themselves a Visa or JP Morgan.