I am perhaps biased in thinking that American companies will continue to dominate the world economy 15 years from now. Sea Limited (current market cap: $194 billion) Meanwhile, Tesla will survive and thrive. I believe oil will continue to recede in importance, and Saudi Aramco will drop out as well. When the financial crisis hit in 2009, two more oil stocks joined their ranks: PetroChina and Petrobras.Īll of those stocks have dropped off of today's top 10.
In 1999, the height of the dot-com bubble, ExxonMobil and BP were two of the biggest stocks in the world. If you look back from now, one thing that struck me is how important oil was. I say it can, because of its dominant mindshare in one of the most important innovations in the 21st century: the electric car. So the question is not whether it can make the top 10 over the next decade and a half, but whether it can stay there. Tesla ( TSLA -7.55%) is already in the top 10 now. Tesla (current market cap: $1.15 trillion) And because of the network effect, no other tech company will be able to dislodge it from its catbird seat. It's using technology to allow consumers to visit and stay anywhere around the world. Most of your large software companies have much smaller market opportunities.Īirbnb is not selling technology. The company estimates its total addressable market at $3.4 trillion.
I'm bullish because Airbnb is going after truly massive markets.
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