2min chapter

Odd Lots cover image

Howard Lindzon on What’s Really Going on in the Tech Plunge

Odd Lots

CHAPTER

Is There a Text Book for Crypto?

In the public markets, this happens really quick. I used to think it would happen much quicker in the private markets. But if i sit on my hands, the best companies are still going to get funded. They'll get funded at higher valuations and and the returns won't be as good along the lines for all the people writing those cheques. And we've been doing this a long time. We're taking this from 60 time sales to 30 time sales. That's really and its just one person tips, and then slowly tips. This is a complete valuation adjustment. You know, there's no textbooks for crypto. There's a text bookfr for stocks.

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