His bet was a parlay so it lost, but not by a lot. Had he been able to include Snapchat it probably would have done worse. I think what we’ve seen in the last

His bet was a parlay so it lost, but not by a lot. Had he been able to include Snapchat it probably would have done worse. I think what we’ve seen in the last five years is that there’s some bubble-like irrationally exuberance but overall it’s far from 2000 all over again. Companies have high valuations but this time also often have financials and growth prospects to go with them.