Growth Investors Should Get Excited for This Upcoming Fintech IPO
High-multiple growth stocks, particularly those of recent IPOs and special purpose acquisition companies (SPACs), have fallen out of favor since February. The economy has bounced back strongly, thanks to accelerated vaccinations and the passage of government stimulus. But that's stoking fears of inflation, benefiting more value-oriented and cyclical stocks.
However, even Warren Buffett's business partner, Charlie Munger, once said, "when you analyze what happened, the big money's been made in the high-quality businesses. And most of the other people who've made a lot of money have done so in high quality businesses."
High-quality businesses tend to be growth stocks, so with the rotation out of growth stocks in recent weeks, long-term investors may wish to pick up quality merchandise while it's on sale.
Source Fool.com
