Investors have flipped their weighting of growth versus profitability

Rational or not, public markets are where consensus gets formed on how much listed companies are worth, impacting the value of private companies in the process. But in a downturn, such as the one everyone suddenly agreed we are going through, that consensus can shift quickly.
Most of the stock fluctuation tends to hit public companies whose performance falls somewhere in the middle. Great is still great. Not great is still not great — and now more frequent. But how about companies that are doing well on one front, and not so well on another? That’s where there’s room for a shift in

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