If the market seems detached from things like value and economics, remember, the real scarcity is control and information. All the’s ipo’s coming up allow board representation at 10% ownership.

These power players that are piling up cash may not be looking to buy profit. It is more likely that they see a once in a lifetime opportunity to buy access to information and decision making. Having 20% controlling shares and board representation in any of these companies allows you to know what they are doing and effect where they are going.
Also, dca. Have fun first timers. Hold on tight.