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Friday, March 7, 2014

Investment thesis poll result

Have you seen an investment thesis for the market or stocks that makes no sense to you lately?

Yes
  11 (73%)
 
No
  4 (26%)
 

Interesting that most of you have.  What prompted this question was something I saw the other day.  It was basically that we should not value social media companies by traditional metrics like sales and profits.  Apparently it only matters how many eyeballs a company has.  You don't actually need to make any money from them, LOL.  That just reminded me of all the crazy crap I saw in 2000 during the dot com mania.  That kind of stuff usually means it is time to sell.  

Bob

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