Some context for the "WE'RE IN A BUBBLE" crowd:


🔸Yahoo peaked at 800x earnings selling a directory of websites
🔸Cisco hit 200x earnings selling routers nobody needed yet
🔸Almost the entire Nasdaq was at 200x
Today the four most profitable companies on earth trade between 16x and 25x WHILE generating more cash than most countries' GDP.
The people calling this a bubble have never seen one.
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