CNBC: “Investors are still confident in thematic tech even as prices plunge”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Nick Colas:
.... "Nicholas Colas, who runs DataTrek, a quantitative driven stock research firm, agreed, and explains why that investor base is so patient.
“This investor base is sophisticated,” he said.
He noted that many tech investors invest based on a J-curve, which means they are expecting losses for the first several years, followed by expectations of significant gains.
“So they are expecting losses in the first three or so years, but then there are profits in years 4-10. You have to buy in during year one, and put up with the volatility for the next few years,” Colas said"....
Read the full article here on CNBC!