2 ms·
The more things I've seen like this, the more I realize the wisdom of Keyne's quote, "the market can stay irrational longer than you can stay solvent", or somet
by jeffreyrogers 6y ago
The more things I've seen like this, the more I realize the wisdom of Keyne's quote, "the market can stay irrational longer than you can stay solvent", or something to that effect. There have been a number of publicly traded companies I've seen with outrageous valuations, that've shocked me by how long they've maintained them. I've probably been right about the eventual outcome about 70% of the time, but I would have lost a ton of money trying to bet against them.