Is there a tech bubble?

Long term over short term

Source: https://www.forbes.com/sites/bethkindig/2020/05/15/will-we-see-another-dot-com-crash-in-tech/#25ed75384998
“Is there a tech bubble?”

No one is bothered with what happens over the next 12 months when it comes to valuation.

Discount rates reflect opportunity costs

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