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if there is a bubble and it persists then the valuations you propose are more likely and would be provided by the same investors participating in the bubble tod
by hisabness 12y ago
if there is a bubble and it persists then the valuations you propose are more likely and would be provided by the same investors participating in the bubble today. so, not sure of your logic here. maybe if you proposed a metric for actual cash generation you'd be on to something, but there's nothing to suggest that actual cash generation will be the driver of the valuations.