The Illusion of Control Learn from Experiences

The Danger of “Concept” Stocks

by
Back in the late 1990s we invested in a few too many “concept” stocks – earlier stage companies with developing technologies where the stories were compelling and indicated that there would be considerable future value. The problem is that without a real underpinning of asset value or earnings, these types of companies can run into big trouble when the thesis doesn’t pan out as quickly as expected or new competition disrupts the story.
Source: http://www.valueinvestorinsight.com/