Good stuff!
Remember the dot.com Super Bowl ads during the 1990’s Nasdaq bubble? Dot.coms with no earnings and big burn rates would spend 70 percent (+/-) of their V.C. funding on Super Bowl ads to generate “eyeballs”? Moreover, their stock price would double the next Monday.
Hey, it was a “new economy” back then. Beware of delusionary market narratives to justify extreme valuations.
More importantly, today, how can you bet against Tom Brady? Pats by 11.
