EP 321. Where Do We Go From Here? 39x Shiller PE, Inflation, Interest Rates, China, etc
Focused Compounding
00:00
Are There Any Good Comparisons Between Two Thousand and Two Thousand?
In two thousand, for example, none of those companies had profits at all. Some is more extreme, some is less extreme. It's definitely much more spread across the entire market than it had been previously. But in general, if you have a very high price to sales ratios, that's a sign that people are just speculating on something that's barely a company.
Play episode from 04:25
Transcript
