Where have all the good stocks gone?

@syke6 I think you mean Taiwan Semiconductor Manufacturing (TSM) vs T Rowe Price ETF (TMSL)? But yes, the same logic I was using could be applied to TSM, The logic on TSM is that it could be viewed as less risky a bet since the company supplies both NVDA and Apple (AAPL). Now a luddite might come along and say. “Technology. That’s too risky.” Okay Luddite - if technology is too risky, find a non-technology sector and consider investing there? I mean, say … coffee. No, not Starbucks (SBUX). No, the other place where them young 'uns are buying specialty coffee – Dutch Bros (BROS).

Interestingly, though I have invested in the company, I haven’t actually tried a Dutch Bros item. I really should change that - there’s one just a mile or so from where I live.


Technology is a great place to stock pick.

There are plenty of failures but the few successes are ubiquitous.

At the beginning of the year it was not hard to suss out that NVDA was a successful company. Both the company and the stock had had a spectacular 2023. The same for LLY.

Pick several of the “obvious” powerhouses, including Costco which was up 45% in 2023, and stash them in one corner of your portfolio. Let them sit and then after four or five years sell the losers and keep the winners.



This story is about a year old, but I don’t think much has changed.

The count of publicly listed companies traded on US exchanges has fallen substantially from its peak in 1996. Back then, the number exceeded 8,000 companies. Today that count has dropped by more than 50% to just 3700, according to data from the Center for Research in Security Prices.

It’s not that America has half as many companies as 30 years ago – it’s that companies are increasingly staying private, largely outside the scrutiny of the public eye. Publicly listed companies are subject to regulatory oversight and disclosure requirements, which help ensure transparency and maintain investor confidence. With fewer companies listed, there may be a decrease in overall transparency and investor trust in the market, said Matthew Kennedy, head of data and content at Renaissance Capital.


I have not talked about my individual investing results, merely process.

  • You asserted people who pick stocks don’t invest in Index or long term
    • I merely posted a link to show investing in ETF/ Index by folks who pick individual stock is pretty common
  • You are arbitrarily posting Hedge fund results and declared they are bad
  • That was an example of a process; nowhere I posted specific results. People who manage real money understands investing is not about attaining the highest return, rather, meeting one’s goal. That goal varies by individual and their circumstances.
  • You are not demonstrating success” You have no idea about what you are talking. Elsewhere I have posted my numbers… here is something… During the period where SPY returned 0%, my returns during that period are 38%. That’s on a capital of high 7 digit… and no individual stock with over 5%, no shorts and no leverage.


The reason I posted this is not to boast, but to help you understand the benefits of using variety of strategies.

I will stop with this. Good luck with your investments.


Thank you. I think I might be slightly dyslexic, as I often switch adjacent letters in words. The full name is Taiwan Semiconductor Manufacturing Limited, or TSML. The ticker is TSM.

There is geopolitical risk here with TSM as well. But if that happens and we can’t get advanced chips, nothing in our stock portfolios will be safe.


It is much more common to see it referred to as TSMC in the industry and press.
Taiwan Semiconductor Manufacturing Company (limited)



You are using words like common, dollar cost averaging, and hedge funds those do not go together. Hedge funds ironically under perform. I made my point.

Congratulations on your returns. That becomes a very different topic.

I do not know if you are an executive who is dollar cost averaging. Or a business owner in a better position. With figures like that I have no idea why you are saying anything is common.

If you mean common financial tools yes. But the results are not like yours. There has to be a dose of stock picking to get those results. Especially if you can keep up a plus 15% return over the longer run.

I do not get buried in the weeds. Meaning it does not matter how exact you cite the tools being used. There are other factors that are more important.

Apparently I also have dyslexia regarding letters that aren’t next to each other!