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>Sometimes these ridiculous valuations are completely unjustified, 'Sometimes' is being generous. If we can only cherry-pick the world's biggest tech successes
by drzaiusapelord 10y ago
>Sometimes these ridiculous valuations are completely unjustified,
'Sometimes' is being generous. If we can only cherry-pick the world's biggest tech successes all of whom can be counted on one hand compared to the thousands, if not tens of thousands, of other over-valued companies, then you're really not saying much here. This is like saying, "How are there poor americans, look how rich Bill Gates is!"
A few exceptions don't invalidate we're in a bubble or justify the practices that get us in a bubble - traders trying to outfox other traders by reading the tea leaves of hype and ignoring the actually profitability and practicality of the business.