Originally Posted by mispoken

totally get what you’re saying. I can see how someone would think companies are expensive at the moment. I have become very comfortable accepting that not only do I not know anything, neither does anyone else. Including the inventor of the PE ratio, Jim Cramer, anyone on CNBC and so on. When I buy excellent companies like TSLA and AMZN (even at today’s price) I think about the future potential. Amazon is just getting started, Tesla is has so many levers it’s unreal. They’re a $5 trillion company in the making.

I’ll say it one last time; if I tried to put a valuation on Amazon, Tesla, Netflix, Apple et al back in the day, I would have talked myself out of millions. Yes. Millions.

Attempting to value a company is a dead end from the start. Invest in the visionary founders like Musk, Bezos, Cook and watch the magic happen.

I can’t take credit for the returns I’ve seen. I started following the Motley Fool decades ago; I devoted a lot of time to watching what they did, listening to what they said, conversing with their community on their website much like we do here. It take a lot of time and up and down cycles. All I can say is that it’s worked incredibly well for me. I’ve conditioned myself to ignore all metrics and news with the exception of fraud or a company making a complete 180 from say making electric cars to mousetraps. Barring news like that, I. Just. Keep. Buying. (And most importantly, holding).

sorry if that sounded soap boxy. Not my intent and I’m just reflecting here on what has worked so well for me.