Quote by Marc Andreessen

Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.


Today's stock market actually hates technology, as shown by

Summary

The quote suggests that the stock market has an unfavorable view towards technology companies, evident in their all-time low price/earnings (P/E) ratios. P/E ratio is a financial metric used to evaluate the valuation of a company in relation to its earnings. A low P/E ratio typically indicates that investors have less confidence in a company's future earnings potential. Therefore, the quote implies that despite the increasing importance of technology in society, investors have a pessimistic outlook on the profitability and growth prospects of major tech companies in today's market.

By Marc Andreessen
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