Growth Potential Trumps Valuation with Puru Saxena

FEATURING: PURU SAXENA On high valuations –$AMZN traded > 30 P/S multiple during TMT bubble (’99). Those who had the misfortune of investing at the peak of the bubble have still made almost 40X over 20 years (CAGR of ~20%)! Cheaper the better but biz quality + time > valuation Chart from @ycharts — … Continued