AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Zombieland
The Compound and Friends
What Do You Think About the Fed's Balance Sheet?
In 21 we had 20 % growth for the s an p 500. And if we deconstruct the areas in which that was happening, i'l all the expansion. Non profitable tech was obviously multiple expansion. But with a overall, like with the s and p, it was earnings growth. It wasn't all multiple expansion. As o tee like earnings for multiples for large cap stocks were reasonable. Actually, in 21, they spent the whole year coming down. You're su seeing that rolling over in 20 22 - people now forecasting ino multiple contraction. I just cascaded, yes.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode