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I think the high valuation is indicative of a bubble. When companies that haven't delivered a product in an ultra competitive market can be valued at such an ab
by drumhead 5y ago
I think the high valuation is indicative of a bubble. When companies that haven't delivered a product in an ultra competitive market can be valued at such an absurdly high level the alarm bells are ringing. We've seen this before in markets going back hundreds of years, it's not different this time, it never is.
- sumedh 5y agoWell you could argue that there has been a lot of money pumping done by the Fed so this time might be different :)
- mrgordon 5y agoThey said the same thing about Tesla and it’s been working out quite well for them. I definitely favor the theory that it’s a bubble but even if it’s true “the market can remain irrational longer than you can remain solvent”
- drumhead 5y agoIs it different this time?