Capitalizations Index – B ∞/21M
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wallstreetexaminer.com / by • March 31, 2017
This is a syndicated repost courtesy of . To view original, . Reposted with permission.
As the great New York Yankee Yogi Berra once said, “It’s like déjà vu all over again.”
That’s the way I feel about the markets.
I started my first hedge fund in 2002 to capitalize on what I thought would be the collapse of Internet and technology stocks. The sector dominated the market but lacked the revenues to support their valuations. Many stocks were overvalued by an infinite amount as their share value evaporated into dust.
That strategy worked out masterfully – if I may say so myself!
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