The Docusign Sell-Off And The Latest Market Veer

Docusign’s sell-off on Friday and the corresponding market (and Nasdaq) sell-off are the latest sign of market uncertainty. No one knows anything – as Monday’s rally reminds us – but the question is whether we know we don’t know. In this week’s The Razor’s Edge, we focus on the uncertainty in the market, the importance of valuation even when growth stocks work, and how to handle the volatility. This ends up being a two-parter, as we will get to Jack Dorsey’s exit from Twitter in the second part next Tuesday. Topics Covered 2:45 minute mark – Docusign initial take 5:00 – Ringing the bell or the rolling sell-off 14:00 – Inflation and the macro in context 21:00 – Buy and hold and contrasting investing styles 24:00 – Starting SaaS multiples 35:00 – Limited entry point 43:00 – Bubble basket challenges 51:00 – Triggers and bottoms Some references: Daniel’s Docusign article Akram’s SaaS tweet Akram’s Zoom tweet