{"id":47690,"date":"2014-02-20T05:34:57","date_gmt":"2014-02-20T10:34:57","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=47690"},"modified":"2014-02-20T05:34:57","modified_gmt":"2014-02-20T10:34:57","slug":"why-warren-buffett-might-sue-me-tomorrow","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/02\/20\/why-warren-buffett-might-sue-me-tomorrow\/","title":{"rendered":"Why Warren Buffett Might Sue Me Tomorrow"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> \"Investing<\/p>\n

It’s far better to buy a good company in a great sector than a great company in a bad sector.<\/p>\n

In other words, invest in companies with tailwinds, not headwinds. That way, even if your investment thesis isn’t spot on, you still stand to make money.<\/p>\n

Sounds like a Warren Buffett maxim, I know. But it’s a Louis Basenese original. (At least, I think it is.)<\/p>\n

It’s so good, in fact, that Buffett’s legal team is probably parsing my words right now.<\/p>\n

In the end, I don’t care who gets credit for saying it. All I know is that today, we’re going to put the strategy to work…<\/p>\n

Bet Big on Tech<\/strong><\/b><\/p>\n

As I shared earlier in the week, retail companies<\/a> are facing a trio of hurricane-force headwinds.<\/p>\n

Accordingly, retail qualifies as the proverbial bad sector right now – particularly for brick-and-mortar dominated businesses.<\/p>\n

In contrast, the technology sector has nothing but the wind at its back.<\/p>\n

Case in point: The Federal Reserve Bank of San Francisco’s Tech Pulse Index – which measures the health of investment, consumption, employment, production and shipments in the U.S. tech sector – rose for the 11th<\/sup> consecutive month in January. In December, the Index hit its highest level since 2008.<\/p>\n

If you’re reluctant to accept government data at face value, consider the latest from an unbiased third party – Gartner Inc.<\/p>\n

The tech research firm noted that information technology spending increased 0.4% last year. However, Gartner predicts that total spending will expand by 3.1% in 2014, to $3.8 trillion.<\/p>\n

After all, an improving global economy always leads to increased capital spending.<\/p>\n

And guess what? The favorable tailwinds are already materializing in individual company results.<\/p>\n

Beat and Raise<\/strong><\/b><\/p>\n

Earnings season unofficially ends today with Wal-Mart’s<\/strong> (WMT<\/a>) report. And after a quick look at the final data, it’s clear that technology stocks are leading the way.<\/p>\n

Consider:<\/p>\n