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DON'T flee the NASDAQ! Tesla pops, Zip flops, guess my PE, what is long term? And best sectors to buy in 2023

Australian Investors Podcast

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The Importance of Long Term Investments

A lot of people say that they're long term investors and you look at the best companies on any stock market, Tesla, Alphabet, Pro-Medicos, Wystech, CBA, CSL, whatever. And yet we don't do that as investors. So I looked at a Boston consulting report and they said there are two trends that identify the value creators throughout the world - playing in the right markets and expanding into new industries. They've got so many examples here, but CSL was one of them. It expanded the footprint of their products. That's code for they reinvest and they know what their strong asset is. You don't see that over five years.

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