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Saturday, December 23, 2023
Keeping up with J. Bezos
Find out what "The King of Quants" recommends
23 12 2023
Tech titans like Elon Musk, Mark Zuckerberg and Google founder Sergey Brin each grew their net worth by multiple BILLIONS of dollars in 2020.
And Amazon founder Jeff Bezos got $87 billion richer.
At the same time, huge swaths of America's cities turned into slums… filled with millions and millions of poor, desperate, angry people.
This reflects the winner take all mentality that the stock market is showing these days.
The strongest companies are able to develop software or intellectual property and use that to replace employees and scale rapidly.
It's scary and it's getting worse.
In fact, it could be the single-biggest change our economy has seen since the Industrial Age. Yes, even bigger than the Internet.
The destruction of seemingly strong and dominant businesses by innovative technology-focused upstarts is a story we are starting to see over and over and over in America.
In many cases, these businesses are family owned…
Employ tens of thousands of workers…
And are cornerstones of retirement accounts.
Meanwhile, technological disruption is enriching those who own and invest in these new technologies at a pace never seen before in human history.
Louis Navellier is an expert at identifying these types of stocks.
He identified Google, Microsoft, Amazon, Apple, and Nvidia when they were trading at a fraction of where they are now… and now he says he's onto the next big trend.
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