> But plenty of them are growing like weeds. But for how long ? A common growth model that I have seen used is exponential growth, but has this been empirica

> But plenty of them are growing like weeds. But for how long ? A common growth model that I have seen used is exponential growth, but has this been empirically verified on historical data ? I would expect a more logistic curve growth at best. Even with the growth factored in P/E of 100 and more seems a dangerous asset to own unless I believe that I can pass the bag on for somebody else to hold. The danger is that I might end up holding the bag that no one wants to buy. Furthermore, if the expected growth was predicated on the availability of cheap capital and that does not come to pass because of interest rate hikes, then that's a problem. The P/E will likely correct to a more plausible growth rate, so unless there is an earning growth that compensates for shrinking P/E the price will fall.