In the years leading up to and since the dotcom bubble, the markets have gone through a few different regimes, with different companies outperforming at different times. Last year marked a particularly challenging year for many investors, which may have caused some to head for the hills.
However, it's generally not a good idea to pull out of the market when things are bad because that's often the time when the best deals can be had. The key is to make sure you're thinking about valuations the right way — even when it might seem like you must have everything wrong.
Q1 2023 hedge fund letters, conferences and more




