Investing In Facebook, Apple, Netflix And Google Is A Big Mistake Right Now, Says One Portfolio Manager

For FANG stocks, growth is increasingly coming at a cost.

High-growth technology behemoths like Facebook, Apple, Netflix and Google—the FANG stocks—have boosted the market in recent years, but their skyrocketing valuations have led investors to ignore the costs and risks of these businesses, according to a portfolio manager at a $13 billion dollar investment firm.

These giant stocks have a disproportionate influence on the overall market, and the hype around them has resulted in “crazy investor behavior with respect to FANG valuations,” says Jagirdar. With shares of FANG stocks trading at high premiums in an already-overvalued stock market it’s clear that these technology giants will need higher spending to keep up their growth momentum, he describes.

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