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Value Investor Robert Olstein - Don't Chase Fad Stocks

November 14, 2013 | About:
Robert Olstein says the music has changed but the dance is the same.

He is talking about the valuations of tech companies/social media stocks and he believes that we are again in a situation that is going to end badly for investors.

Olstein warns that investors in LinkedIn (NYSE:LNKD), Twitter (NYSE:TWTR), Amazon (NASDAQ:AMZN) et al are valuing companies based on revenues. That won't work because revenue doesn't generate free cash flows.

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