FAANGs

When I was in the US earlier this month, one of the big themes was the search for the new “FAANGS” - quality companies with the potential for exponential growth. The current ones are already mature and will hardly present the returns of the past, even though they are still good companies.

Yesterday, Amazon reported a lower than expected result, leading to a drop of almost 10% of its shares. It may be a punctual question, but this theme should gain even more relevance/traction.