If you want to own best-in-class companies, you need to own stocks with a high sticker price.

Motley Fool Co-founder and Chief Rule Breaker, David Gardner, joined Ricky Mulvey for a conversation about how he thinks about valuation. They discuss:

- Palantir’s current valuation, and what investors should prepare for.

- The value of paying up for “top dogs” and holding on to them for long periods of time.

- Tesla’s surprising performance over the past year.

Companies discussed: PLTR, MELI, TSLA, SHOP, NFLX, AMZN, NVDA, AXON, ISRG

Host: Ricky Mulvey

Guest: David Gardner

Engineer: Rick Engdah

Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement.l

Learn more about your ad choices. Visit megaphone.fm/adchoices