11-11-2021, 02:53 PM
(11-11-2021, 01:19 PM)fenders53 Wrote:(11-11-2021, 01:04 PM)crimsonghost747 Wrote: I know the market cares about none of this, but I have a question.We let it go and don't stress the fact we may miss a 50% run that can't be justified for many years. Or buy a couple shares if you're feeling lucky. I will never allow this idiocy to wreck me.
So we look at PE as a very general method of defining valuation.
Then there are growth stocks with negative PE's, so we can use P/S to gauge relative valuation.
But what do we do with this rivian thing? $120b market cap and $0 revenue. What?
I have a question. How much is a bitcoin actually worth?
I won't be touching rivian. No way. Everyone wants it to be the new Tesla but I don't think we will see another Tesla in our lifetimes. Will we see similar success stories, sure. But I don't think they will be coming from these electronic vehicle start ups.
And regarding a bitcoin, well it's a currency so you can only compare it to other currencies by checking the real time exchange rate. If you want to compare to dollars, then it's $65k and change. :p