Over the last couple years I got some good laughs at 'value' investors looking at the books of companies like GOOG/L and coming to a fair price that was often roughly 2/3rds of the current price, e.g. GOOG/L coming in at $2K when it was selling at $3K.
I'd scoff and mentally comment that I'm glad I didn't listen to this goofball back when I bought GOOG at $1500 – and they were saying to not pay a penny over $1K.
But as we enter a whole new world of an extended 'unfriendly Federal Reserve' – the likes of which we possibly haven't seen since the premiums on FAAN(M)G stocks were added…
Is it now time to give these goofballs a second listen?
And this is not coming from a tech bear, the opposite – most of my current portfolio consists of FAAN(M)G. Specifically GOOG, AMZN, AAPL, FB.
Leave a Reply