Capitalist Letters

Capitalist Letters

Coreweave: Risks Trump Opportunities

Coreweave may have a great potential, but if I owned it now, I wouldn't be able to sleep tight at night.

Oguz Erkan's avatar
Oguz Erkan
Aug 27, 2025
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“Unsustainable valuations.”

This was the title of the Dow Theory Letters on March 22, 200. It was a highly respected periodical about investing and finance founded by Richard Russell.

Unsurprisingly, it featured Cisco in the top place of the unsustainable valuations list. It wasn’t wrong. The company had $452 billion market cap trading at nearly 150 time…

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