Going by the standard rule of not investing in companies that have high P/E ratios (>15). I want to understand why people keep investing in tech companies to better gauge if I should. Amazon has an enormous 250+ P/E ratio. Although sales are huge, they have not turned a profit for most years. Warren Buffet says that he wouldn't invest there. This feels like a speculative bubble but then again, tech companies like Amazon have been at it for almost 20 years now. What am I missing?
Submitted January 11, 2018 at 01:25AM by beetsaregolden http://ift.tt/2EvPBVl
