Monthly Archives: March 2024

MWG Focus: Technology Investing

Technology Investing

Written by our CEO & CIO, Bruce Murray, CFA.

Today vs. dot-com & Y2K 

 Thirty years ago, we were witnessing the adaptation of the internet in the early stages of acceptance as a tool to enhance work and leisure. This led to a plethora of ideas as to what this new technology could do! All it took was an idea and the ability to code and you too could change the way the world worked. By the year 2000, we were at the peak of the dot-com bubble. Like a horse race, Yahoo, based upon “search” software developed in Waterloo by OpenText, surged to the lead, only to be overtaken by a better idea, Google. For a while, was the hottest email host to have, but it then crashed and burned as internet service providers offered complementary addresses as part of their service. Everything was moving online, and providers were going public. By the spring of 2000, it became clear that many of these ideas were not commercial and even the good ones were overvalued. Shareholder enthusiasm quickly plunged into despair. Read

February Portfolio Update | 2024

Thoughts on the Market: February Edition

Technology is Back in a Bull Market.

February saw further gains in the equity markets, with the S&P returning 5.2% and TSX up 1.6% in local currency. The strength in U.S. markets vs. the TSX was due to a strong return in technology stocks, with the NASDAQ Composite Index rising 6.1%, eclipsing its all-time high set back in 2021.



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