Daily Archives: February 27, 2021


Investing Through A Bubble

Goldman’s Non-profitable Tech Index is approaching 250% year-over-year performance. (Twitter)   If statistics like this haven’t given cause for concern, the market should take a long hard look at itself.  Yes I do understand why the stock market is at record highs and equities seem to be the only game in town. Yes I get the arguments of how difficult it is to value equities in this post pandemic world with all the pent up demand and fiscal stimulus sloshing around. Yes, I realise how markets change over time and today, at least in the US,  they are dominated by low capital, highly scalable businesses. Yes I understand the mantra […]