Thanks for this, @lost Great point above regarding the valuation of growth stocks. Probably explains why people were ready to push so much AI related stocks.
I also like the first point regarding companies with no earnings : are there any comparable company already profitable ? I had this problem with Camplify (platform for P2P renting for camper vans). The business model looks great in theory, but no company has been able to show a decent profitability with this model.
Overall, I find it too tough and too risky to invest in companies with no earnings. I prefer to wait that they begin to show some earnings/cash flow before investing, even if I understand that it means that valuation will already partly reflect the earning recovery.
