Boom. This is correct. Many investors, like myself, want markets to be irrational but not too irrational. And this rally has been too rational. It has been fine for my returns as stocks moved to what I think is fair value, but now I see a dearth of new opportunities.
If Costco can produce low-vol/beta (inflation + 2%) growth for a long ti…
Boom. This is correct. Many investors, like myself, want markets to be irrational but not too irrational. And this rally has been too rational. It has been fine for my returns as stocks moved to what I think is fair value, but now I see a dearth of new opportunities.
If Costco can produce low-vol/beta (inflation + 2%) growth for a long time, it should trade at 50x and produce 7% (assuming 3% inflation) returns.
As for LoLN, you are correct, but gotta let that one go. It has come to mean something completely different from its original meaning. I still can't get past "literally," which has somehow come to mean the opposite of literally, but I am working on it in therapy.
Boom. This is correct. Many investors, like myself, want markets to be irrational but not too irrational. And this rally has been too rational. It has been fine for my returns as stocks moved to what I think is fair value, but now I see a dearth of new opportunities.
If Costco can produce low-vol/beta (inflation + 2%) growth for a long time, it should trade at 50x and produce 7% (assuming 3% inflation) returns.
As for LoLN, you are correct, but gotta let that one go. It has come to mean something completely different from its original meaning. I still can't get past "literally," which has somehow come to mean the opposite of literally, but I am working on it in therapy.