To invest successfully you don’t pay a high price saying “well there are worse companies at worse prices out there”.
Valuations are always determined by the NPV of future earnings, discounted for time and cost of money. Given rising interest rates all of these valuations will get slashed substantially.
It’s a bubble, after the internet bubble it took Amazon 7 years to trade back to its bubble price. Cisco never has.
Valuations are always determined by the NPV of future earnings, discounted for time and cost of money. Given rising interest rates all of these valuations will get slashed substantially.
It’s a bubble, after the internet bubble it took Amazon 7 years to trade back to its bubble price. Cisco never has.