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I don't like this market cap against GDP measurement. The multiples in Market Cap in those era would be significantly lower. If we look at P/E of S&P 500 [1], w
by ksec 2y ago
I don't like this market cap against GDP measurement. The multiples in Market Cap in those era would be significantly lower. If we look at P/E of S&P 500 [1], what used to be peak PE of 20 a century ago are now considered normal.
So adjusting for all that Rockefeller would still be richer than Elon.
[1] https://www.multpl.com/s-p-500-pe-ratio https://www.multpl.com/s-p-500-pe-ratio