Premium On Growth Stocks Echoes Dotcom Boom

NBR Articles, Published 1st September 2020

The premium that investors have to pay to invest in growth companies is the highest its been since the dotcom boom. To achieve good returns over the next several decades, a number of today’s darlings (e.g., Nvidia, salesforce.com, Tesla) would need to grow to the point that they become even more dominant than Microsoft and Apple are today. While some companies may achieve this, many will disappoint...