It’s clear there is a massive drawdown in high multiple names in progress right now. There’s a bit of chatter on good “values” to be had in the washout.
For the most part, I’m sitting out of the fray. Most of my holdings are dividend paying businesses at reasonable going in yields and don’t have earnings issues, yet. The question is should I invest in acquiring knowledge that allows me to pick up some bargains.
In this case – I think the answer is the distance that technology and other high multiple names reside from what I know is far, and can’t be learned quickly enough to have strong conviction.