pull down to refresh
Good thoughts. I definitely think P/E ratios would come down substantially. I think sub 10 is feasible. Average for the market historically is around 19x.
reply
pull down to refresh
Good thoughts. I definitely think P/E ratios would come down substantially. I think sub 10 is feasible. Average for the market historically is around 19x.
In the grand scheme of things very few people own equity, its only in recent years people have moved to it as a savings vehicle, I think under a bitcoin standard this goes away, if your money appreciates, even slightly what appeal is there to go seek out risk?
I think a BTC standard would also see a lot more companies not needing public markets, they would find a size and stay there and remain private, owned by the founders, staff and maybe a few private equity players
As for the public market, oef PE ratios I think below 10 would be the norm and while some might still try to do the buy back thing, I think dividents make a big come back