> with traditional/historical manufacturing company valuations
Maybe people aren’t valuing it using these models?
Why’s your model the right one and theirs the wrong one?
Maybe people aren’t valuing it using these models?
Why’s your model the right one and theirs the wrong one?
But that's a hell of a gamble to make if you're a Tesla shareholder.
Wait you think there’s a model which perfectly predicts every company’s valuation ever?
Why aren’t you using it to make a fortune?
The fact that there's a pretty common way to value public companies doesn't mean that you can make a fortune with it, because it sweeps aside the importance of time.
Have you never heard of Keynes' classic "The markets can remain irrational longer than you can remain solvent" ?
That’s what investors do everywhere - why do you think we have analysts looking at product plans and things?