Has the market gone crazy?

I mean seriously, has no one been able to see that this environment was going to be created when we had inflated PE ratios, companies that were built on hype, and free money flooding into a market without concern of what it was being invested in? We have people on television touting companies that are trading at 50-60x earnings with the disclaimer that it is worth the price since the whole market is inflated.

In the words of Mugatu:

If you have followed me for any time at all then you will know a couple of things:

1. I am a sporadic writer and you never will know when I will pop up

2. I am a value investor

This market has begun to pop things up that the traditional value investor will love. What things? You can check out my article on SA here:
Finding Value in 2022

The correction in tech stocks is real, stop saying it is an overreaction until we see potential profits that don’t involve a 40% growth rate for 8 straight years!

Are there tech stocks out there that are oversold? Sure. Are there more that will not see profit on your investment until 2027? Definitely.

I’m not saying I’m a wizard here, but what I am saying is that the same people that were telling you Buffett was done and Aunt Cathy was the new kid on the block have significantly changed their tones.

Don’t doubt the Oracle and don’t change your tactics. The same strategy that has made money for the last 50 years will continue to do it, just the names of the businesses have changed.

Until next time, Happy Investing!