Highlights
- Wonderful things happen when you can be on the right side of fundamental growth and valuation expansion.
- Recognizing that valuation is a poor timing mechanism, it stands to reason that truly extreme valuation warrants some attention.
- Prior examples, including Cisco (CSCO), Amazon (AMZN), and Microsoft (MSFT) all have reached wild valuation extremes in their history.
- Although each followed a different subsequent path, they all shared one thing in common: severe valuation contraction.
- Today, Nvidia (NVDA) is at a. . .
