Justin Urquhart Stewart: The next flight to Neverland

I am all too aware ‘FAANG' stock sceptics such as myself could easily be accused of sour grapes. Nevertheless, I cannot help but draw parallels with the turn of the millennium, when the late, great Ian Rushbrook - then manager of Personal Assets Trust - argued: "Investing in the new economy is a flight into Neverland - or bungee-jumping without a rope." It did not take long for him to be proved right, but flying against the wind is rarely a comfortable experience. The FAANG stocks of Facebook, Amazon, Apple, Netflix and Google are a world away from their ‘here today, gone tomorrow' tech ...