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But few lived up to investors' expectations, and their high-flying stocks plunged.
But others said traders saw the selloff as at least a short-term opportunity to buy high-flying stocks.
He calls himself a value investor but owns some high-flying stocks that would fit snugly into a growth portfolio.
Nearly half of that money was in roughly two dozen high-flying stocks when the stock market began to unravel in early 2000.
When that bubble popped, average Americans who had invested in the high-flying stocks saw their savings evaporate.
Investors have reacted by letting the air out of a slew of once high-flying stocks.
You had all these high-flying stocks.
Millions of people who bought into high-flying stocks at the height of the dot-com bubble are understandably bitter these days.
Shorts have become gun-shy as the market has continued to rally, making bets against high-flying stocks like Netflix or Tesla very expensive ones.
But the prospect of getting high stock valuations for such properties is obviously attractive, in part because high-flying stocks can be used as currency in other deals.
But, like others who lived through the 1973-74 bear market, he veered from the growth approach when he saw the severe damage suffered by some favorite high-flying stocks.
Another part comes from Pennsylvania Mutual's lack of high-flying stocks, especially in last year's winning biotech sector, combined with the general slump in small-company stocks.
In the late 1960's, he shot down hundreds of high-flying stocks while writing The Wall Street Journal's trademark Heard on the Street column.
Indeed, even after many high-flying stocks crashed last year, prominent analysts continued to recommend them in what looks like allegiance to the companies and the banking firms rather than to investors.
It dropped 21.6 percent over the period, despite the fact that it had been widely pilloried for big short positions in such high-flying stocks as Dell Computer and America Online.
Rollups in trash hauling and funeral homes failed to effectively integrate acquired companies and ultimately their once high-flying stocks, which had been the currency to finance acquisitions, came crashing down.
Call it irrational but, for quite a long time, investors around the world had been betting that China's stunning economic growth and once high-flying stocks would pull back sharply after the torch is snuffed out.
But warning about economic dangers should be fair game, particularly when using Fed policies would not be appropriate, as has been the case with recent asset bubbles - high-flying stocks back in 2000; housing prices today.
And in the housing mania of the last decade, he said, many buyers started to see their homes as speculative investments — high-flying stocks that happened to come with wine cellars and four-car garages.
NEW YORK (Reuters) - Investors fearful that high-flying stocks may be set for a drubbing will be eyeing Netflix's earnings with their fingers on the "sell" button on Wednesday afternoon.
He said that the market's recent increase to new highs was based on "panic buying by institutions laden with cash" that were anxious to put high-flying stocks in their portfolios, lest they look like they had missed the rally.
Analysts predict investors will see more Internet delays this week, even though popular high-flying stocks with on-line traders like Amazon.com Inc. and Yahoo Inc. have now fallen more than 30 percent from their highs two weeks ago.
The Administration says the tax break was a reasonable idea when most annuity money was invested in low-yielding assets, like bonds, but that the break has also applied to gains on high-flying stocks, just because they are held in an insurance account.
The Wellington Fund, a $7.4 billion giant, is riding the crest of decade-long bull markets in both stocks and bonds after an era of high-flying stocks and rising interest rates in which its performance was lackluster and its image stodgy.
Baidu slumped 10 percent to $308.78, while other high-flying stocks including Apple Inc (AAPL.O: Quote, Profile, Research) and Blackberry maker Research In Motion (RIMM.O: Quote, Profile, Research) also fell.