Consider that Amd was not far from bankruptcy. They couldn't even execute on their gpu chips consider that they were the duopoly with nvidia and mostly missed the ai wave. Do they even have the capacity to work on arm on top of that?
I think Milei's policies were fine and the economy was turning around. He didn't make it worse, and it was heading for the right direction.
But (a big but) the series of scandals and corruptions have exhausted his political power. Before that people were willing to give him a chance. Now they don't want another corrupt politician.
Keep it up, and you ensure only foreigners and rich people will be able to visit important or desirable things in your own country. I live in Lisbon, and see this happening all the time.
It's pretty common for museums here (in Lisbon/Portugal) to offer discounted entry to residents. I was just a the MAAT (for example) and I asked for and got the resident discount.
Google was severely undervalued for quite a while. It's current pe is only less than 25.
While other mag7 might have inflated valuation, google was undervalued for a long time. There are quite a lot people bet Google would bounce back and the risk was low
As another comment pointed out, P/E 25 is still absolutely insane. Realistic ordinary numbers are more like... 5 - since that means with 100% of the company's earnings going to dividends, it would take you 5 years to break even. 100% of the company's earnings don't go to dividends, though, so probably 10 years or more. Which is about the longest that a company that pays the highest dividends it can could be expected to last.
A P/E of 25 only makes sense if we expect Google to pentuple its earnings. Already one of the biggest companies on the planet, become five times as big? It seems preposterous.
It’s relevant to point out a regular nontech slowgrowing company like CocaCola has a PE of 20+, therefore the claim that a normal one is 5 is mistaken.
20-year average P/E for US stock market as a whole is ~20 (current s&p500 forward estimate is 24). Historically they were a bit lower (eyeballing it at 15), and in the aftermath of the Great Depression they it was aroun 10.
You want to claim the US stock market for the past 100 years is insane, go ahead, but that's a different argument than saying Google or NVIDIA, only slightly above the average for S&P500, are overpriced compared to the rest of the market.
And if the entire market is overpriced, where you going to invest instead? Crypto? Gold? Both shot up much more. Real estate? Bonds? Europe? China? Better have a good thesis on that.
I think it's a common rule that everyone should know. A specialty restaurant with fewer items is always better. It's cheaper and better for them to run, and you get cheaper and better food
Paypal has a bad rep from the merchants side. But for the users, it's just more convenient to link paypal email as payment method instead of others. To the consumers there is no difference between paypal, google pay, or apple pay. Paypal is more universal
> Like the google people who can't convince them and went on to create carbon?
Lots of people in mega-companies set forth to reinvent the wheel. I think we have enough track record to understand that the likes of Google don't walk over water and some of the output is rather questionable and far from the gold standard. Appeals to authority are a logical fallacy for a reason.
