198- IPOs & Uber
\u201cWhen we value a company we want to look at a company that has a track record of 10 years. Especially, the last 10 years. IPOs are in the risky biz portfolio for lack of a long track record. \u201d - Phil Town\nThis week we discuss why we\u2019re in such a wild stock market. The market dropped 15% and is working its way back up. We've got the \u201cTrump Effect\u201d going on and we're in our 10th year of no recession. That's the longest in American history. We\u2019re also at a Shiller PE that hasn\u2019t been this 140 years it's only been where it is now 4 other times.\nAlthough Phil is pretty reluctant to talk about it, we do talk about upcoming IPOs and if an IPO is mature enough to do a Rule #1 analysis on them. For show notes and more information visit investedpodcast.com\nLearn more about your ad choices. Visit megaphone.fm/adchoices