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I believe in the god of P/E. If you’re unable to find a greater fool to buy the Michael Jackson glove, how long do you have to hold it before the income covers
by nikanj 9y ago
I believe in the god of P/E. If you’re unable to find a greater fool to buy the Michael Jackson glove, how long do you have to hold it before the income covers purchasing costs?
For Apple stock, the number might be high, but it is not infite. For Bitcoin, there’s _no_ annual income from holding it.
Intangibles can still have substantial real value. For example, the Jackson record copyrights - while completely immaterial - still bring a very nice chunk of revenue every year.
- deleted 9y ago[deleted]