Re: Berkshire Hathaway
What I thought Thremp was getting at was that other investors wouldn't pay $10,000 for a stock that earned $1 per year. If you buy a $10000 stock, and it announces that it earned $1 this year, and its earnings will grow 10% per year over the foreseeable future, that $10000 stock will very quickly become a $20 stock.
Put in Thremp's terms, in the markets, suboptimal EV is actually -EV.
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