Something to consider:
The Deadly Sin: Greed
Are you aware of what a P/E is?
It’s the price you pay times the earnings. So, a 20PE is 20x the annual earnings of a stock.
Why would anyone ever pay 20x the annual earnings of a stock.
That’s 20 years of holding just to break even!
What if your population is declining? Well then, odds are your stock will have to decline! You’ve certainly paid to much.
Ah, but what if greedy boomers import infinity illegals and infinity street shitting Indians!?
Ah, then the number can go up!
Today, everything must serve all encompassing greed.
The number must go up, your erasure be damned.
#asknostr
The Deadly Sin: Greed
Are you aware of what a P/E is?
It’s the price you pay times the earnings. So, a 20PE is 20x the annual earnings of a stock.
Why would anyone ever pay 20x the annual earnings of a stock.
That’s 20 years of holding just to break even!
What if your population is declining? Well then, odds are your stock will have to decline! You’ve certainly paid to much.
Ah, but what if greedy boomers import infinity illegals and infinity street shitting Indians!?
Ah, then the number can go up!
Today, everything must serve all encompassing greed.
The number must go up, your erasure be damned.
#asknostr
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