I dug out those NVDA numbers because I was unfamiliar with that company. For one thing. I've never been interested in video games, the genesis of NVDA.
Book value numbers can have value or be wildly unrelated to to anything currently useful. Buffett and Munger rank integrity highly, but I don't know of any way to appraise it. How do you quantify a moat? How do you put numbers on the intelligence or energy of the competition?
I thought it was interesting that NVDA farms out all manufacturing, mostly to Taiwan. Always has.
I don't think the market is irrational. It's just more complicated than "players" think.
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Because the Good Life is Just a Pump or Two Away