I disagree. A high PE ratio in general is not a direct expression of my 'insight' in general. However in this case it probably is. Thanks for pointing that out, I hadn't looked at ARM's figures previously.

I guess I was 'overplaying', although I still think that the average Joe Blogg would be yet to realize the 'edge', hence it would still be an advantage making ARMH more of a very light gray horse.