Originally Posted by
Planetrain
PEs are too high. Unless earnings come roaring back, hang on for the ride downhill. When throwing darts on the wall works for too many Joe 6packs, it’s time to be leery.
these types of metrics are what keep people from market and building wealth. People always find silly metrics to not get in and time when to get out. I would be much MUCH further behind in my retirement savings right now if I’d followed these mainstream institutional type things. TSLA, SHOP, MELI, AMZN to name a few I would have missed out on 10-20x returns on.
Find excellence, buy excellence, buy more excellence, sit on hands. Most importantly, do whatever makes you sleep easy at night.