AI
Monday, September 29, 2025 3:36:24 PM
puts a lid on the common and my valuations are lower
So we should trust your valuations over Pulte and Bessent? I think not. The only rows that should be considered from your table are the last 3 rows that show the combined valuation over $500B. Follow the words that are being spoken. Don't be so rigid that you can't update your models.
What if you are wrong about SPS being partially or fully written down? Or is it inconceivable that you would be wrong after being so right for so many years? 😉
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