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John Hussman On FAANGs

Investors should, but rarely do, anticipate the enormous growth deceleration that occurs once tiny companies in emerging industries become behemoths in mature industries. 

You can’t just look backward and extrapolate. 

In the coming years, investors should expect the revenue growth of the FAANG group to deteriorate toward a nominal growth rate of less than 10%, and gradually toward 4%

John Hussman via zerohedge 27 July 2018

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