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We Have Lost All Sense of Decorum

The Compound and Friends

CHAPTER

The Dangers of Valuation

The valuations do matter. But most of the time you're cacking it based off of either the current year or what's expected to happen the next year. Analysts play that game, thinking about 10 years out, not understanding that pretty much everyone in history has gotten disrupted. It's a dangerous game though. Of course it is.

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