The financial services industry’s most prominent voice in not overpaying for investments — Warren Buffett — has declared a new type of value investing amid his headline-grabbing purchase of seemingly pricey Amazon (AMZN) stock.
That is this: it’s OK to buy high price-to-earnings multiple companies provided they will change the game at some point in the future. And in turn, the strong company in question could provide shareholders with outsize returns as dominance of a particular industry takes greater hold.
Submitted May 06, 2019 at 06:11PM by coolcomfort123 http://bit.ly/2VP60AC
