3 ms·
The method is in the madness here. As the author himself suggests, estimating the LTV isn't easy and is actually a whole new discipline in itself. The lesson t
by rms_returns 11y ago
The method is in the madness here. As the author himself suggests, estimating the LTV isn't easy and is actually a whole new discipline in itself.
The lesson that needs to be taken from here is the general idea of always being careful about the pitfalls of falling into the latest frenzy, and instead, focus on the REALISTIC value an investment is going to return us in the long-term.
And this "Latest frenzy vs Being realistic" concept isn't anything new, it has been going on since the era of Tulip Bulbs in the 1800s right up to the Home Loan crisis of 2008. What keeps changing and improvising, of course, are the methods of evaluating the "frenzies", or as the author suggests, "distinguishing donkeys against the unicorns"!