“What's changed is the price of some things trades up and…” — The Knowledge Project at 8:24
“What's changed is the price of some things trades up and down. If over the last 18, 24 months, if you've been one of the big technology stocks in the world, everyone needed or wanted to buy you in the indexes and therefore their multiples traded very high. But if you were something that didn't neatly fit the indexes…”
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