Took me years to stop being a slave to the P/E ratio.
A business compounding at 40% annually and trading at 100x earnings? Could be the steal of the decade.
A melting ice cube trading at 5x? You might still lose money.
Valuation without growth trajectory is just a number. The market pays for the future, not the past.
A business compounding at 40% annually and trading at 100x earnings? Could be the steal of the decade.
A melting ice cube trading at 5x? You might still lose money.
Valuation without growth trajectory is just a number. The market pays for the future, not the past.