The market was never EFFICIENT — but it was definitely more efficient than it is now. This recording is from a few months ago, back when I had a voice.
Six weeks ago on November 4th, Palantir reported results beating revenue by $20 million. Since that time it has added $90 billion in market value.
This is a company that has a market cap of >$180bln that is expected to achieve sales of $2.8bln for 2024 — you do the math!
Reminds me of the analogy of TRADING SARDINES.
“Don’t place valuations on the things you are trading.”
I guess it’s that simple 👇
Sincerely,
Philo 🦉
For the course, philomastery.com
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