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2min chapter
Bearishly Bullish
The Compound and Friends
Is There a Finite Number of Earnings?
If every American all of a sudden invested returns would have to go down because if we're just dividing up the pie, everyone would own a thinner slice. Average PE multiples would gravitate closer to 30 than 20. So if everybody is in, does that- is this complete? Why is there a finite level of earnings?
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