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Back in my Bloomberg days, several years ago, I noticed a consultant wearing something around his neck. It was a thumb drive, and the first I'd ever seen. As I recall, this amazing device could store 1GB of data, and cost in the neighborhood of $200. Now, you can buy one that stores 16GB for less than $10.
I admit it; I don't understand why investors are willing to pay so much for companies like Salesforce.com, which is now trading at all-time highs. What am I missing? At the time of publication the author held no positions in any of the stocks mentioned. Follow @JonMHellerCFA This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.