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> If they keep growing at And that's where the falacy is. Nothing keeps growing forever. Past performance is no guarantee of future results. You don't need gre
by sassypotato 6y ago
> If they keep growing at
And that's where the falacy is. Nothing keeps growing forever. Past performance is no guarantee of future results.
You don't need great analysis to see that something that has appreciated 131 times in less than a year is a bubble, unless they cured cancer or seriously undersold at their IPO. And no one undersells by that much.
- vardump 6y ago> something that has appreciated 131 times in less than a year What has appreciated 131 times in a year?
- SpicyLemonZest 6y agoI'm not sure what it means to count up the number of times a stock has appreciated in a year. A stock with steady, reasonable 2% annual growth could in principle appreciate on every trading day.
- deleted 6y ago[deleted]
- Someone 6y agoOnly if every trading day brings news about the company or its competitors that is surprising to investors (and makes them value the company higher)
- 0xffff2 6y agoI think GP means that the stock is worth 113x what it was a year ago, although that seems to be off by a factor of ~10 for Tesla.