With high valuations of stocks and some stocks like Tesla reaching very high levels, I found this video clip by Warren Buffett useful –
“If a company is worth $10 billion then it has got to be able to give you $700 million to $800 million next year. If it cannot do that then it has to give maybe 10% more than that the year after and continue … there aren’t a lot of businesses that can do that…”
h/t vanSin19
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