Classifieds

By James K. Glassman
From Kiplinger’s Personal Finance
It has been a rough year for the stock market but even more so for Mega Four tech stocks: Apple, Microsoft, Alphabet, and Amazon.com.
Over the past five years, their share prices have more than tripled, and each has a market cap of more than a trillion dollars. But investors are bewitched by what behavioral economists call "recency bias," or putting too much emphasis on the latest events, so losses in these four stocks over the previous few months are prominent in investing decisions.
Smart investors take a long view, both forward and backward. They look carefully at a company's progress over the years and then try to forecast a decade out. With this kind of analysis, the 2022 decline is clearly a buying opportunity for three reasons:...