Pinterest is trading at 17-times 2019 sales, while Zoom is selling at 47-times sales, he noted.
Carmer said he does not endorse paying more than 10-times sales for any stock, even the fasts growers, because it could come back to haunt him in forthcoming quarters: "It's all fun and games until someone gets hurt." "You don't make big money in IPOs like this Beyond Meat deal at the start of a major move. You tend to get this kind of action at the end, and I don't want anyone to get hurt here," he said. "That's why I think you should do some trimming and raise some cash ... You can put it to work if the market gets hit."
How many times do you have to be wrong before you're exposed as a fraud?
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