Mohamed El-Erian talking about his opinion on where to invest in the future. He tells an interesting story in his inimitable style using language that anybody can understand. He thinks that investing in the ‘known’ is perhaps an error, this is a clear argument in favour of taking a portion of contrarian investments & perhaps going to cash.
There is some good opinion on cyclical, secular and structural aspects of portfolio management.
Do you Yahoo? Statistically the answer is probably no, you don’t, but in a world of decreased market penetration for every search engine (other than the Ubersearcher Google) the megalith companies like Microsoft -who’s MSN (I won’t even ask ‘do you MSN’) is even lower on the scale – are looking for ways to corner a portion of the Internet search engine market, initially they thought that the success of Internet explorer over Netscape navigator was a big deal, in hindsight it wasn’t, ask people the difference between Mozilla and IE7 and expect a blank stare, except from the closet online gamers whom I seem to be meeting more and more recently.
Google came from nowhere and used a simple approach, they have an interface that could only have been dreamt up by Mac or …well…. Google, and it was a huge success. I lived in Chicago the first time I heard of Google, it was around the year 1999 or 2000 and I recall there was another search engine called ‘snap’ or something that also impressed me, anyways, these …