While I still do not have a FB account, I have being following the company for several years now. I had a chance to personally visit FB HQ two years ago, which convinced me that it is a real company, not just a social site that will fade away as MySpace did. At the time I was puzzled by money paid for Instagram and esp. WhatsApp acquisitions, but perhaps over time they might turn out to be as visionary as Google's YouTube.
Nevertheless I refrained from investing into FB as I had concerns about the price being too high. But the more I observe the company and the more I read, e.g. on stratechery.com, the more I am convinced about the uniqueness of the FB phenomenon. I think it should easily be able to better monetize current usage but also increase the value it provides to its users and thus enable additional monetization opportunities.
While I am late to the FB stock party, I am also increasingly wary of myself being too 'greedy' - waiting for better entry price and having it run away from me. I was decades late to BRK or AAPL, but still the price I went in at was attractive, given the strength of these businesses and I was rewarded well.
The counter-argument - that I subsided to Fear of Missing Out (FOMO) with my FB buy - is one that I have deep in my head. That's a reason why I bought a smallish stake (~1%), but I am ready to add much more on any dips in the price.
Nevertheless I refrained from investing into FB as I had concerns about the price being too high. But the more I observe the company and the more I read, e.g. on stratechery.com, the more I am convinced about the uniqueness of the FB phenomenon. I think it should easily be able to better monetize current usage but also increase the value it provides to its users and thus enable additional monetization opportunities.
While I am late to the FB stock party, I am also increasingly wary of myself being too 'greedy' - waiting for better entry price and having it run away from me. I was decades late to BRK or AAPL, but still the price I went in at was attractive, given the strength of these businesses and I was rewarded well.
The counter-argument - that I subsided to Fear of Missing Out (FOMO) with my FB buy - is one that I have deep in my head. That's a reason why I bought a smallish stake (~1%), but I am ready to add much more on any dips in the price.
