Peter Hargreaves: Expensive tech stocks now look 'cheaper'

Traumatic stockmarket falls have created value

The coronavirus sell-off has opened up an opportunity for investors to snap up stocks deemed by many to be too expensive just months ago at cheaper prices, according to Peter Hargreaves.

Hargreaves, chairman of Blue Whale Capital, noted that some of the best times to invest have come at the height of a bear market, but cautioned the world has changed and those stocks that had "come good" in past recoveries may not fare as well in 2020. Those winners today, he suggested, are more likely to come from "businesses at the forefront of the new economy", which he claimed were now "a lot cheaper" than they had previously been. Anthony Bolton: Don't get more bearish as markets go down The founder of investment platform Hargreaves Lansdown said he had considered "relevant ex...