(Source: Imgflip)
Like most investors, I LOVE a good growth stock, I just refuse to pay too high a price for growth. That's something we see a lot of these days, particularly with the popular mega-cap tech names that are driving this irrational market bubble.
"Growth at a reasonable price", or GARP, is one of the most time-tested strategies prudent long-term investors have to compound both their income and wealth over time.
Unfortunately, today, investors are becoming rather manic and speculative about big tech, which is why we're seeing the highest market valuations in almost