Billionaire investor Howard Marks discussed Tesla's valuation ...
Companies, agencies, institutions, etc
Insider Inc.
GmbH (Imprint
|
Morning Post
Bloomberg TV
Elon Musk's
Oaktree Capital Management
Tesla
GOLDMAN SACHS
Fed
Treasury
People
NYC |
K. Y. Cheng/South China
Getty Images
Getty ImagesBillionaire
Howard Marks
Groups
No matching tags
Physical locations
No matching tags
Places
No matching tags
Locations
Tesla
US
Events
No matching tags
Summary
His comments suggest he's not especially bullish on Elon Musk's electric-vehicle company following its 700% stock rally over the past year.The cofounder and cochairman of Oaktree Capital Management also argued value investors can buy growth stocks trading at high price-to-earnings ratios without betraying their principles. I said, 'Well how could a value guy invest in high-growth tech companies?' He says, 'Well, they looked like value to me.' The point is that he was open-minded." On the other hand, I think there's no disputing the fact that growth stocks have a better future than value stocks." - arguing that high P/E ratios and strong stock-price performance may fairly reflect the improving prospects of tech companies as they grow larger and more dominant.7.
As said here by https://www.businessinsider.com/howard-marks-tesla-stock-growth-vs-value-investing-fed-markets-2021-1