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I don't disagree. In a lot of cases, like Zoom, there's a stupid amount of free capital floating around due to effectively-zero interest rates, and not many pl
by mdorazio 6y ago
I don't disagree. In a lot of cases, like Zoom, there's a stupid amount of free capital floating around due to effectively-zero interest rates, and not many places with decent returns to invest it. So anything that gets hyped as a good place to put it (like tech stocks) gets blown out of proportion and underlying fundamentals don't really come into play. Basically, investors (and the market) aren't rational right now.
- f00zz 6y ago> there's a stupid amount of free capital floating around due to effectively-zero interest rates, and not many places with decent returns to invest it That's probably the reason, but it would be great if all this liquidity were going to companies that are actually building innovative tech. I mean, we're 20% into the 21st century already, where's my asteroid mining ETF?
- mdorazio 6y agoI'm with you. I would love to plow investment dollars into SpaceX or Planetary Resources, but it seems like most of the real innovative companies are either still private or got acquired by companies I don't want to invest in.