A notable feature in the early 2016 tech stock selloff was the resilience of legacy tech companies (ie mature tech companies whose growth has plateaued and are generating profits such as Oracle, Microsoft, IBM). Since 2014 the Enterprise Value/Revenue ratio of legacy tech companies has steadily...
The landscape had plateaued, and as far as I could see the land was covered in a heavy snowfall that I had experienced in Tucson as rain a few days earlier. Imagining cold it would be riding through this stretch of road it thought that, perhaps, a broken down bike was the best case ...