It can’t be just me that reads a line like this …

It’s been less than three weeks since Xero’s valuation passed through the $3 billion mark.
[Now it’s $4 billion]

… and thinks, Hmm. Bubble-ish?

Click to read at

Click to read at

I’ve got no insider or any other knowledge of the Xero company nor do I own any shares in it, nor its competitors.

I remember someone years ago asking me: Would you ever buy a stock at its all-time high?
Hmm. Probably not, I replied. Cautiously, maybe.
Well if you wouldn’t, you would have missed out on a ten year bull run on Microsoft shares, he said.

– P