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No. of Recommendations: 6
"Who would buy Tesla at a p/e of 810?"

Folks who also bet on the hot hand at a craps table.



Y'know, there is a lot of survivorship bias running around.

Google wasn't the first search engine. Amazon wasn't the first online book seller.

There's a guy here on TMF who retired in his 30's a rich millionare, because he invested heavily in (I believe) DELL. WHen questioned, he says anybody could have done it, but he was the smart one and all the rest were dummies.

But there was Dell and Digital Equipment and Compaq and a bunch of others. Dell just happened to be the one that got lucky. Ditto GOOG & AMZN.
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