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TIP556: 100 to 1 in the Stock Market by Thomas Phelps
We Study Billionaires - The Investor’s Podcast Network
The Importance of Buying Right and Holding On
A simple measure to ensure you're not paying a ridiculous multiple or paying too much is simply comparing your company's PE to the overall market. If you have a high quality company with a normalized PE of around 23, then it seems like a reasonable multiple to pay. Once you get to around two or three times the market PE, say a PE of 46 or 69, then things start to get questionable for me personally. But everyone has their own approach and may have special knowledge or insights into some of these really exceptional companies trading at super super high prices.
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