The main argument for why value investing doesn't work in the tech sector is its basis on revenue trends over time. The whole approach is based on figuring out

The main argument for why value investing doesn't work in the tech sector is its basis on revenue trends over time. The whole approach is based on figuring out when a good time to buy a stock is based on when it's cheap / undervalued. However, many techs cos are growth stage investments, and it's hard to predict which ones will (eventually) win / succeed in creating moats. Determining the value of pre-revenue companies, for example recent tech IPOs, is just hard. You don't have the revenue history that you do for a company like Coca Cola. There's much more projection and extrapolation required. https://www.quora.com/Is-there-such-thing-as-a-strategy-like-Ben-Grahams-value-investing-but-in-the-technology-sector https://www.quora.com/Is-there-such-thing-as-a-strategy-like... https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/valuing-high-tech-companies https://www.mckinsey.com/business-functions/strategy-and-cor...