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> Historically AAPL was valued with a PE around to 10-15, but today it's trading with a PE over 30. I've seen an interview with this fund manager saying someth
by cardosof 5y ago
> Historically AAPL was valued with a PE around to 10-15, but today it's trading with a PE over 30.
I've seen an interview with this fund manager saying something along the lines of "this high P/E is the new normal, those companies are really better, more sustainable and profitable than their historical peers"... Maybe there's a bullish case there, or maybe so much money was printed and then funneled to financial assets and real estate.
- meepmorp 5y agoMaybe it's just having lived through the first internet bubble, but when I see fund managers making statements like that, it makes me nervous.