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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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Nothing But Net summary
Mark Mahaney
10 Timeless Lessons for Picking Tech Stocks
19 mins
Brief summary
Nothing But Net by Mark Mahaney offers an in-depth analysis of the rise of Internet businesses such as Amazon, Google, and Facebook. It explores their impact on the economy, society, and culture, while highlighting the challenges and opportunities that arise with this digital revolution.
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Nothing But Net
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The most important rule is: prepare for setbacks.
When you hear the phrase “high quality tech stocks,” which names come to mind? Amazon, Google, Facebook, Netflix – these are all big names with impressive track records.
As an investor in tech stocks, you’re probably seeking safe options. Maybe even a guarantee of a good return.
But, unfortunately, in the world of stocks, there are no guarantees.
Even the best stocks can go wrong. And, yes, that includes the big names. In recent years, Amazon, Google, Facebook, and Netflix have all experienced “stock market corrections” – significant decreases in the market price of their stocks.
Take, for example, Netflix in June 2018. Wall Street was expecting 1.2 million new subscribers in the US. But the company added fewer than 700,000 subscribers. As a result, Netflix suffered a massive 40 percent correction.
Big, successful companies sometimes make missteps. Other times, they’re at the whim of external factors beyond their control. That’s what happened to Amazon in 2018. At the time, President Trump was involved in a trade war with China, and global economic growth was slowing down. It wasn’t Amazon’s fault, but these global events led to the company losing a third of its value due to a market sell-off.
The point is, it’s hard to forecast the future. The world is unpredictable, and so are stocks. This is something all investors have to be prepared for.
Mark Mahaney is a highly experienced tech analyst, but even he makes mistakes now and then. For instance, in 2017 he recommended that investors buy shares in the meal kit company Blue Apron. He’d done his research and was feeling confident about the company.
But then, within months, the company was falling apart, and the share price plummeted. Any investor who’d bought shares in Blue Apron on Mahaney’s recommendation lost 93 percent of their stake. And he’s an expert!
With stocks, there’s no such thing as a sure thing. From time to time, you’ll learn that the hard way. You will pick the wrong stocks. And the only thing you can do about it is to prepare for these setbacks.
In Mahaney’s nearly 25 years of analyzing tech stocks on Wall Street, he’s learned a thing or two. We’ll go over his key strategies so you, too, can improve your chances of success – although, remember, there are no guarantees!
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What is Nothing But Net about?
Nothing But Net (2021) is a practical guide to tech stock-picking for investors. Based on his years of experience as a Wall Street tech analyst, Mahaney outlines the dos and don’ts of choosing companies to invest in. Although the world of stocks is unpredictable, there are proven methods that any investor can use to become more successful.
Nothing But Net Review
Nothing But Net (2022) by Mark Mahaney is a captivating exploration of the world of basketball analytics and its impact on the game. Here's why this book is definitely worth reading:
- With fascinating insights into the behind-the-scenes world of basketball analytics, it offers a fresh perspective on the sport.
- Through compelling stories and interviews with industry experts, it sheds light on how data analysis has revolutionized the way basketball teams are built and strategies are implemented.
- By exploring the intersection of sports and technology, the book keeps readers engaged and highlights the exciting potential for analytics in other fields as well.
Who should read Nothing But Net?
- New investors who want to start investing in tech stocks
- Experienced investors keen to improve their stock-picking strategy
- Anyone curious about successful tech companies like Amazon and Netflix
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Nothing But Net FAQs
What is the main message of Nothing But Net?
Mastering the art of repetition is key to achieving success in life and in business.
How long does it take to read Nothing But Net?
The reading time for Nothing But Net varies depending on the reader's speed, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is Nothing But Net a good book? Is it worth reading?
Nothing But Net is a valuable read for anyone looking to understand the power of consistency and deliberate practice in achieving greatness.
Who is the author of Nothing But Net?
Mark Mahaney is the author of Nothing But Net.
What to read after Nothing But Net?
If you're wondering what to read next after Nothing But Net, here are some recommendations we suggest:
- Reminiscences of a Stock Operator by Edwin Lefèvre
- The Last Safe Investment by Michael Ellsberg and Bryan Franklin
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- The First Minute by Chris Fenning
- Why “A” Students Work for “C” Students and “B” Students Work for the Government by Robert T. Kiyosaki
- Mastering the Market Cycle by Howard Marks
- Financial Intelligence by Karen Berman & Joe Knigh with John Case
- The Wealth Money Can't Buy by Robin Sharma
- Millennial Money by Patrick O’Shaughnessy
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