And I might add maybe not the happiest people either. They could have everything they want yet they don’t always seem all that happy. Elon Musk for example doesn’t seem much happier than the average person, maybe even less so (depends on who you’re comparing against of course).
I’m glad that worked for you. Everything changed in 2008. I would say the old cycles of the market and PE valuation rationality is gone in favour of meme stock style gambling. I think that anything written prior to 2008 on the subject is less useful and the yearly value taking cycle is only still maintained by the old school investors. Some who want some sort of comfort in their approach and want to believe they can make it work. Those people are just handing money to each other now while the billionaires just gamble large sums for bragging rights.
oh for sure, as far as P/E and “expected future dividend returns” and shit it’s all cooked for the overwhelming majority of bluechip shit. that’s not where the $ is made
that book really is eye-opening, wallstreet never changes, they just occasionally rebrand.
PFOF is just bucketshops all over again, for an example. the game is rigged, knowing/accepting that is the first lesson you have to get into your head before you start making serious returns…it’s…so easy honestly, actually really messed with my head. made me realize just how much time i wasted working the last 5-7 years of my life, made more in the last 3 months than the prior decade pretty much (and all with very little risk, i’m still not confident enough to short anything)