(24-05-2022, 11:45 AM)specuvestor Wrote: Microsoft was not known to be a dot com stock; neither was it part of the FAANG stocks (though some try to slip in in as FAANMG).
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lol, I have heard this a few times, "Microsoft was not a dotcom stock". This is their multiple during the dotcom bubble (source: https://money.cnn.com/2002/01/14/investi...aluations/):
![[Image: caQAthR.png]](https://i.imgur.com/caQAthR.png)
59x forward PE (probably with aggressive earnings growth projections). Considering the weightage in indexes. One can reasonably come to a different conclusion that 2000 was a large cap bubble; and the dotcom companies were just a side show.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger