The Paradoxical Ascent of Palantir: A Wildean Perspective
Once a darling of speculative fervor in late 2020, Palantir soared to celestial heights only to descend precipitously by the end of 2022, losing over 80% of its value. Yet, like a phoenix adorned in silicon feathers, it rose again, delivering returns so staggering they seem almost impertinent. Last year, it led the S&P 500 with a 340% gain, and this year, it continues its ascent with a 105% rise thus far. Its price-to-sales ratio, hovering around 120, suggests either genius or madness—or perhaps both, which is often the case in matters of finance.