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E87: Emerging markets, Sri Lanka, 9.1% CPI, market sentiment, NASA's Webb telescope & more
All-In with Chamath, Jason, Sacks & Friedberg
What Is the Right Price Earnings Ratio?
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The tea bill has been kind of floating around three %. But what if it's four% or five? If that ends up being the case, they'd be a huge downsiht surprise to the stock market. We have twice in our lifetime kind of hit that in a 13, 14, 15 level. And we could still go down 25%. That would basically not even set a new record.
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