[Grombobulous]

I see what you mean now, although it’s a little confusing to me against your previous comments in the thread.

It seemed like you were trying to say that companies like uber looked pretty insanely overvalued until they’re not. Everyone kept saying that because they didn’t think about how the current number is always the biggest number.

That’s why I pointed out that, well, yeah, Uber is a big successful company, but they haven’t actually been a particularly good investment relative to the market since they IPOed.

[Schiendelman]

Good point - you're right, my personal feelings about these companies do bleed into my language. :)

I do think that these companies look insanely overvalued but actually are likely that value, and that investors are thinking on a timespan where that's okay. It's not always a bad call to pick a company as opposed to investing in the entire market - people have preferences about the technologies and ideas they want their investments to support!

I think Uber has been doing well relative to the S&P. 60-something vs 70-something percent over the last five years?