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by Schiendelman
4 days ago
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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? |
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