The stock market is nearing multiyear highs, pushing many stocks to pricey valuations. But don't let high earnings multiples fool you. There are times when it's OK to pay a high price for a great company.

In today's video, Matt and Paul discuss two names with P/E ratios of 300 and 400, respectively. Yet Matt thinks each could be a buy for investors with long time horizons. Watch the following video to get the names and insights.

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