Here, let me try: In my humble opinion, at today's PE ratio of 43.57, stock price of Coke is completely detached from "the actual cash flow of the business" an

Here, let me try: In my humble opinion, at today's PE ratio of 43.57, stock price of Coke is completely detached from "the actual cash flow of the business" and is also FOMO and good mostly for speculation. In fact, people are complaining that value is near impossible to find in the current market. Anyone who enters KO at 43.57 (let's say you're just got some money to invest) is risking a ton more than Buffet. "investors pounced on fixer-uppers" is also not a very compelling example by the author, where i live (bay area) investors wiped out all fixer-uppers 6 years ago already and are now bidding in the millions for what looks like dog sheds. Bitcoin is detached from fundamentals and should drop to 0? Maybe. Is Coke justified at 43 PE and not 14? Who knows? Of course, anyone who entered it years ago at <20 may not really care.