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As the TSX Index kicks into high gear, investors should be careful to pay only a reasonable price of admission. Indeed, it’s easy to get drawn into paying a nosebleed-level kind of multiple for firms standing behind the world’s hottest emerging technologies. Whether it be generative artificial intelligence (AI), the metaverse (virtual reality, augmented reality, spatial computing and its like), quantum computing, the blockchain, web3, or anything in between, it’s tempting to get some exposure for your growth-focused portfolio, even if you have to pay a hefty price and play the game of greater fools (based on the Greater Fool Theory, which is different from us here at The Motley Fool).
While I believe AI (and perhaps even the metaverse) will eventually emerge into a massive market at some point, I’m just not sure when the biggest gains will flow in. That’s why there’s a degree of risk in…
