14min chapter

My First Million cover image

This Hedge Fund Manager Got Away With Insider Trading… Then Made Billions

My First Million

CHAPTER

The Sardine Bubble and Tech Company Valuations

The hosts discuss a blog post about the concept of the sardine bubble and its relation to the valuation of tech companies. They explore similarities between crypto and late-stage startups, highlighting the reliance on the greater fool theory. The importance of cash flow and profitability in companies is emphasized, urging investors to focus on generating actual profit rather than relying on the next buyer or funding round.

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