
Michael Saah
125 posts

Michael Saah
@msaah255
systems guy, LLM enjoyer, currently building https://t.co/1TrhaJMyWb



To think people are expecting the bubble to pop like it did in the dot com era Today’s Mag 4 P/E ratios: $META – 16x $GOOGL – 17x $AMZN – 24x $MSFT – 25x Dot-com bubble peak P/E ratios: Microsoft – 73x. Cisco – 200x+. Yahoo – 800x. The Nasdaq as a whole traded at a P/E of 200 at the peak of the dot-com bubble. Today’s “bubble” is trading at 16-25x earnings on companies generating hundreds of billions in real free cash flow. Today we have the most profitable companies on earth, $MSFT $GOOGL $META $AMZN reported beats on earnings, and you think we are in a bubble.




Median home price: $2,073,166. A lot of California is an Earthly paradise, but it's governed such that unless you're fabulously wealthy, you're not allowed to live in most of it. I suspect this is why a lot of Americans resent the state.

All the “permanent underclass” dooming focuses on the wrong category of risks, what should really keep you up at night is the whirlwind of macroeconomic and geopolitical forces that are big enough to topple whole societies













