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Taken by themselves, it is hard to say which one is overvalued. But looking at the entire class, I think they are definitely overvalued. The trick will be to fi
by phreeza 12y ago
Taken by themselves, it is hard to say which one is overvalued. But looking at the entire class, I think they are definitely overvalued. The trick will be to figure out which one of these companies is the Amazon among the Webvans....
- raldi 12y agoAre you sure the class, as a whole, is overvalued? If, in 1999, you had invested $1000 each in Google and 49 flops, you'd still have come out ahead.
- phreeza 12y agoWhat I mean by 'class' is the slew of companies now valued at 1B+. Not sure what googles valuation was in 1999? I am guessing it was still well below 1B.