i simon: valuation matters. How do you decide when a business is so great that it actually deserves a bit of a premium? There's basically three ways that you can make money in the stock market, oplestans. The first is fundamental improvement. The second is just straight up dividends. And then the third one is, is the valuation that' stock that investors are willing to give any particular stock? I mean, we've kind of created these adjectives to make sense of it and categorize it,. until i value stock e like a wall mart, or something that, you know, is not trading at a high multiple of those earnings.

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