Investing in Facebook, Apple, Netflix and Google is a big mistake right now, says Sergei Klebnikov at Forbes. These high-growth behemoths have boosted the market in recent years, but their skyrocketing valuations have led investors to ignore the costs and risks of these businesses.
Klebnikov quotes Micky Jagirdar at Ariel Investments as saying: "Investing in FANG stocks is similar to stepping on the gas while you drive around a bend and admire the view in the rear-view mirror. There’s too much focus on past performance and growth … and the hype around them has resulted in crazy behaviour with respect to FANG valuations."..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.