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What is SaaS? Behind the Tech Stocks Taking Over the World

Eight years ago, one of the most successful venture capitalists in the world penned a letter in the Wall Street Journal explaining how every single industry was being taken over and led by tech-driven disruptors, and that the only incumbents that were maintaining control of the spaces they dominated were investing heavily in software. His point: software is eating the world. The letter now lives in investing lore, but its point remains relevant today -- software has officially taken over. The four largest companies in the S&P 500 are all tech companies that lean heavily on software -- Microsoft, Apple, Amazon, and Facebook -- and some of the greatest investments of the past couple years have been (you guessed it) software companies. But software isn’t done consuming, and a whole new class of companies are harnessing it to capture incredible growth and reward investors along the way. In this broadcast, we break down why the software business model is so successful and some of the top stocks in the tech and software space! ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: Join our Facebook community: Follow The Motley Fool on Twitter:





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