Introduction

Evan Lorenz: Henry French, Jim Grant and Martin Fritzen are back. They're talking about a hot stock called NVIDIA that's being valued at 37 times its sales. James Robertson Jr. recreates Scott McNeally's famous dot-com valuation of Sun Microsystems in 2001. The comment was ruefully and exasperatingly, but memorably Recall the valuation of the stock it was 10 times revenue.