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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (19301)	11/2/2023 3:04:31 PM
From: Real Man	Respond to of 26251

Hmm… the analogue of price to sales ratio for a country is stock market capitalization to gdp ratio. If the GDP only grows 2% per year plus inflation and the stock market cap increases at 30% annual pace, how long before we run out of valuation room for further expansion? I mean I know we are in a totally new era when price to sales is a meaningless ratio because the internet and the blockchain and the AI infinitely increase productivity, but I already heard this argument before in 1999 -ggg-