"previous hypervalued bubble-like investments like the Tulip mania
Hi duma,
Tulip bulbs had no inherent value. That’s a hell of a big difference.’
Saul:
The tulips had a value for the people who liked the novelty of it, and to look at and smell it. The SaaS stocks have a different value but in some senses, it is the same thing. We are arguing how much this valuing has gone overboard.
One might think ‘inherently’ the value of a flower should be less than pieces of software that are being used to increase the efficiency of what an enterprise is doing. That could be so but that does not mean the tulip did not have any value. In both instances, we can become extreme about it.
tj