Netflix, Inc. [[nflx]] is just amazing. I can’t believe I don’t own this stock. I mean, all you see is a bunch of BlockBuster videos closing down. And with innovative hardware being released month after month, NFLX is becoming a killer app across all kinds of technology.
Got a Wii? You can play NetFlix on that.
Got a PS3? Load up some Office Season 4 on your NFLX account.
Oooh, new iPad! Pimp it out with a NetFlix app.
I just wanted to point out that these are the kinds of companies you want to “invest” in, not trade. From a trader’s perspective, you would have shorted in the 40s, 60s, and 80s. That’s why I would have done HORRIBLE trading this stock. But investing on a “new” company that literally changes the industry (and puts the other big boys out of business) is the more sound and sane thing to do.
There are only about 10 other companies that I can name right now that have these authentic and rare qualities of a company that shook up the industry. Here’s a few to get you started…
1. eBay – the internet changed the way we buy, eBay changed the way we buy and sell. I’d mention Amazon, but it just does what every other retailer does… it just does it better and it got there first.
2. Intuitive Surgical – changing the medical field as we speak with robotic surgery. ISRG is paving the way for other medical companies, like SIRO. ISRG hasn’t quite had that “put other competitors out of business” trait yet.
3. Ford – father of the assembly line production. This is in history books.
4. PriceLine – not sure who came up with it first, but I think we don’t have to think too far back to remember buying airplane tickets on the phone.
These are just a few examples. Of course, there’s Apple with the iPod, Dell with customization (but not so great when you think about it), and other great ones. The point is, when you invest long term, use these companies in their growth stages (when no one believed in them) as a good example of what to invest in. Thank me in 20 years.
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