1 Software Stock for Long-Term Investors and 2 We Ignore

From commerce to culture, software is digitizing every aspect of our lives. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier, but they have weighed on the returns lately as the industry has pulled back by 25.8% over the past six months. This performance was noticeably worse than the S&P 500’s 1% fall.