The Compound and Friends cover image

We Have Lost All Sense of Decorum

The Compound and Friends

00:00

The Shiller PE Trending Higher Every Decade

Facebook was worth a billion dollars in 1901. The revenue per employee at Facebook is like $17,000. Interest rates have been low for four decades and the Shiller PE has risen since 1980. Jeremy Grantham of all people wrote about this 4 or 5 years ago.

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