Valuations are based on very optimistic assessments of the future and reality must enter the picture at some point. When and if the bubble bursts, it will not happen in one day. We believe that the handwriting for the future of the internet and its viability as a business instrument will become clear over a fairly long period of time allowing astute observers to make timely portfolio decisions. Our positions are completely disclosed on the site for anyone to see so if anyone has any doubts about our motivations, they can make their own decisions. I don't think people are idiots.
Any web site is just one data point in an investor's quest for reliable information.
That is all we hope to be and we don't delude ourselves into thinking that people are actually investing based on what we have to say. If you are, then I suggest you change your philosophy and treat us as just another source of information, one we believe to be of high quality. Email Marty Smith with any questions. I Private Portfolios 1998-2000, StreetForce. All Rights Reserved.