God tier company, deservedly high valuation. The market is not giving people who buy now the ability to earn great returns. Such is life. Having said that, I don't think the valuation is completely insane when you adjust for normalisation of volumes. I just don't think the forward returns are great for people who are picking up shares here. Thanks again for the great write up Larry.
God tier company, deservedly high valuation. The market is not giving people who buy now the ability to earn great returns. Such is life. Having said that, I don't think the valuation is completely insane when you adjust for normalisation of volumes. I just don't think the forward returns are great for people who are picking up shares here. Thanks again for the great write up Larry.