Rickson9 wrote:I don't understand tech stocks either so I've never invested in them. Too difficult for me to figure out and too fast moving an industry.
Yes, tech hardware is very fast moving and usually has no "protective moat". New, better hardware can replace the older hardware over the weekend.
Not so with software. Once you train millions of users to use programs like Word and Excel, there is resistence to unlearn and learn something new and better. This inertia constitutes a protective moat for companies like Microsoft, Adobe, etc.