tslathrow

8 ms·

31.
by tslathrow 13y ago
Now if we could somehow play disc golf up there...
32.
by tslathrow 13y ago
Astute. edit: thanks (didn't know what a Loki was)
33.
by tslathrow 13y ago
I would suggest you read up a bit on Robert Shiller and CAPE
34.
by tslathrow 13y ago
Effort-wise, this is one of the best things I've seen on HN
35.
by tslathrow 13y ago
I'm not sure we've waiting long enough for Shiller to be proved correct. If monetary policy wasn't blowing the roof out on equity valuations, we'd be seeing mean-reversion as we should.
36.
by tslathrow 13y ago
37signals is a black swan for a lot of things. To be noted, but not as the basis for a new world order. Anecdotal evidence of my own: - Stop thinking about labor in a capital-intensive business - I can't do a damn thing with collaborat
37.
by tslathrow 13y ago
VCs on average underperform retail investors on average On a liquidity-adjusted basis, VCs underperform by a wide margin
38.
by tslathrow 13y ago
Right now it's a very expensive short. I would personally wait for retail inflow to peak and short float to dip to 25% or lower.
39.
by tslathrow 13y ago
It's overvalued if the current price requires 80% revenue growth YoY for the next 10 years at the highest operating margin in the industry (12.5%). That gets us to a price of $160.
40.
by tslathrow 13y ago
A superb short, but a very expensive one (more than a third of float is short). Too much risk of a squeeze right now. I have fair value at $65 with 8-10% WACC even with optimistic top-line growth for the next 6-10 years and 4% terminal gr