Here is what Warren Buffett wrote about Coca-Cola in 1996 as he was describing the company becoming an inevitable:
Now, replace Coca-Cola [and Gillete] with Facebook:
"Companies such as Facebook might well be labeled "The Inevitables." Forecasters may differ a bit in their predictions of exactly how much digital advertising business this company will be doing in ten or twenty years. Nor is our talk of inevitability meant to play down the vital work that the company must continue to carry out, in such areas as user satisfaction, data protection, regulatory compliance, and platform innovation. In the end, however, no sensible observer - not even the company' most vigorous competitors, assuming they are assessing the matter honestly - questions that Facebook will dominate its field worldwide for an investment lifetime. Indeed, its dominance will probably strengthen. The company has significantly expanded its already huge shares of the market during the past ten years, and all signs point to their repeating that performance in the next decade."
To complement uncle Warren's description above, here are a few facts to feel the real power of Facebook as an economic engine in comparison with the good old Coca-Cola. This is not meant to bash Coca-Cola, but to showcase the power of Facebook:
That's it, folks, for this week's edition of Stock Card Weekly! If you've made it so far and read through the whole newsletter, I want to let you in on an exciting Stock Card news. We are getting out of Open Beta very soon. Several improvements and automations have been in the works, and in the next week or so, you will get to experience those changes first hand. Many of you have already sent me your thoughts and ideas as to how we can make Stock Card better. You can still do so by either sending me an email or joining our Intelligent Investing Facebook group. Hope to hear your suggestions and ideas about how Stock Card can be a better investment tool specifically for you!