$Palantir Technologies Inc.(PLTR)$ I enjoy seeing posts that claim "smart money" is pulling out of PLTR, or that retail investors are finally acknowledging overvaluation and selling.
But honestly, is anyone smarter or larger than Blackrock? It has $14 trillion in assets under management, and that's no lie or typo.
In the latest 13F filing, Blackrock increased its holdings to 188,990,971 shares total, worth $25,273,762,552.
Compare that to the "sage" posters on this board who keep shorting or pulling out for the umpteenth time.
You tell me—between the two, which group do you think is the "smart money" group?
I'm happy to wait from quarter to quarter, watching every metric get shattered.
By the way, Nvidia, MSFT, and AMZN all had P/E ratios well above 1,000 in their early years, seen as overvalued too.
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