This is not 1999, or at least not yet. The strong are getting stronger and new winners are entering a reshaped future. Covid has accelerated tech adoption on an unprecedented scale and while the winners have been broad, not all are equal. Obsessing over the short term is a fool’s game and this new world requires imagination and a deep understanding of the opportunity to assess future value. Short-term investors with simple valuation techniques are missing the bigger picture. - Scott Berg, T. Rowe Price. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum