Topic: How To Invest

What is Pat’s commentary for the week of May 17, 2016

Article Excerpt

Let me start with a quote I read this week that struck me as worth repeating: “My 2016 New Year’s resolution was to write down three moments of joy before going to bed each night. This simple practice has changed my life. Because no matter what happens each day, I go to bed thinking of something cheerful. Try it.” —Sheryl Sandberg, Facebook Inc.’s chief operating officer, speaking at a University of California at Berkeley 2016 commencement speech, on her personal struggles since the death of her husband in 2015. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Many investors would like to invest in today’s fastest-growing companies, such as Uber, AirBNB, Spotify and so on. These recent startups have enjoyed explosive growth because they were able to harness modern computer and communications technology to quickly enter and move toward dominating existing industries—taxi service, hotels and popular music. Unfortunately, they are all private companies. Theoretically, existing companies in these fields could have made this technological leap themselves. However, existing companies have a..