Replies to post #349944 on SPDR S&P 500 (SPY)

[Vandalayind]

I imagine your friend used to have a lot more money in bonds.

[Vandalayind]

No one becomes an 80 Millionaire paying 2-3x more for something than someone did a year or two ago. They become an 80 Millionaire by selling it fir 2-3x as much as they paid for it.

[Vandalayind]

When rulers inevitably bend and break...valuation will be the hot topic.

It's starting already.

[Vandalayind]

EBITDA and price to sales will be laughable.

Owning an APP company who's debt squashes its tiny earnings will become an obvious no no.

Buy now pay later getting squashed as we speak.