On 14th August 2000, Fortune Magazine published an article entitled 10 Stocks to Last the Decade.
It started off by reminding investors of all the great growth stocks such as Microsoft and Intel they could have owned but have gotten away. The article further suggested that if an investor were to plonk a modest $5000 into companies Dell and EMC in 1990, closed their eyes and went to sleep for the next ten years, they would be worth $8.4 million then in 2000.
In a bid to sooth bruised egos and provide equity investors some hope, Fortune decided to take matters into their own hands and play God for the day. They identified four sweeping trends – communications networking, entertainment, financial services and biotech. These trends they claim, have the potential to transform the economy and the way we work and interact.
Not contented with identifying the over-ridding ......
