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I think the 100's of intelligent sophisticated investors that influence the price of the market didn't suddenly start to understand the fundamentals of companie

I think the 100's of intelligent sophisticated investors that influence the price of the market didn't suddenly start to understand the fundamentals of companies they didn't before because of a change in interest rates. It makes much more sense they just plugged in a higher discount rate to their models. Peloton has fallen because they went from a company with rapidly growing revenue to one falling revenue.

rcme 4y ago
> Peloton has fallen because they went from a company with rapidly growing revenue to one falling revenue. Exactly. Their growth expectations were unrealistic. They were bringing a marginally better product to a saturated market under the guise of being a tech company. They could be a good business if run lean, but they’ll never realistically command insane multiples on revenue.