In the original film “The Magnificent Seven,” only three of the seven survive and return for the sequel. In the realm of stocks during periods of market euphoria, we witness a selection of companies reaching extreme valuations. While some may continue to experience growth in sales and earnings, others falter as competition or adoption fails to meet the hyped expectations. Periods of market euphoria are often characterised by technological breakthroughs, the fear of missing out (FOMO) and “it’s different this time” scenarios. Click here to read more of our thoughts on the current market euphoria.
