US tech stocks got hammered on Monday.
Apple lost 2.5 percent while Alphabet (Google), Facebook and Microsoft were also down.
The value of American technology stocks has skyrocketed to its most expensive level since 2008, in terms of price-to-earnings ratio.
US tech stock fears spilled over to the JSE as Naspers closed down 5.89% to R2525 per share.
What is going on?
The Money Show’s Bruce Whitfield interviewed Vestact MD Paul Theron.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Today those stocks are up sharply! You [Bruce Whitfield] should be embarrassed for phoning me!— Paul Theron, Vestact
It [the drop in value of tech shares] has to do with loss aversion.— Paul Theron, Vestact
These are wonderful companies! They’re going up because they deserve to go up!— Paul Theron, Vestact
YouTube is grabbing eyeballs like TV used to in the past.— Paul Theron, Vestact
Tencent is a brilliant, brilliant business!— Paul Theron, Vestact
Naspers trades at a level that grossly underestimates its stake in Tencent.— Paul Theron, Vestact
If you can buy Naspers today at R2525; it’s a wonderful bargain!— Paul Theron, Vestact
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.
A simple savings plan for people who don’t like to budget. Bruce Whitfield interviews personal finance guru Warren Ingram.
The South African billionaire has responded to reports placing him at the centre of an alleged tax evasion scheme.
He's been implicated in an elaborate tax-dodging scheme, says amaBhungane’s Craig McKune.
In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.
NPA allegedly let Duduzane Zuma off the hook, despite a magistrate ruling he must be held liable for a woman's death in car crash.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?