Too Long; Didn't Read
I was reading <a href="https://en.wikipedia.org/wiki/The_Intelligent_Investor" target="_blank">“The Intelligent Investor”</a> the other day and in it Benjamin Graham describes IBM as a “wonderful performer” in the Introduction chapter. Given that my edition was from 1971, it got me wondering whether this 47 year old investment advice still holds. On the other hand, Mark Cuban famously said in 2014 that <a href="https://www.cnbc.com/2014/10/22/very-little-content-is-created-in-us-without-first-talking-to-netflix-investor-mark-cuban.html" target="_blank">“IBM is no longer a tech company”</a>. What did he mean by that, was he right, and more importantly, is IBM still a wonderful performer?