I respectfully disagree. We're no longer in the stoneage or in the early cycles of the industrial revolution. The true growth industries of our modern day economy are exemplified in the technology and pharmaceuticals companies. This is not to say that TSCM or any other internet stock justifies valuations but at the same time, would you invest in old bessie (BS) or similar dinosaurs ? Frankly, its the street pushing investors into antiquated securities that bothers me more than valuations of internets or biotechs.
With regard to Cramer, he is an alum so I won't bash him (joking). Frankly, JJC exemplifies the modern day industrialist. No, he won't go down in the books like Gates, Grove, Case, etc. But for someone to acheive what he has is deserving of accolades. TSCM is his baby, lets give him some time to see what happens. Gottilieb Daimler, Carl Benz, and Henry Ford were also ridiculed...what a pity that was. |
