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@douglaskimkorea Check out Taiwan! Last I checked it started with a ‘4’ handle

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@MikeFritzell Now do the Philippines

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@Citrini7 Flummoxed

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@forager_gareth I’m Spartacus

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@MikeFritzell One can only dream! Apart from China, starting valuations (circa 2003) were much lower vs today

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@MikeFritzell As you note - multiple expansion helps (earnings have done well too, no doubt)

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@mhudson @justcutssalons Glad you are safe mate

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@forager_gareth @Mars10387340 @Wexboy_Value Agree it is not over-earning but ‘haters going to hate (someone)’. Over-earning is a risk in almost every business: it invites competition but more importantly it can signify management is under investing in the business.

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@forager_gareth The bonsai child by Judith Locke was very good and covered some of this ground (if you are looking for further confirmation bias) - basically helicopter parents are ruining kids https://t.co/zgux79qhUr

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@Fritz844 “Video games are ruining todays youth”

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@Fritz844 @DaBao_ @CCM_Brett 95% of iPhones are made in China. Super hard to shift production to other countries (despite apple’s best efforts). Will apple even ‘need’ chips if China takes Taiwan (and the US responds accordingly)? Don’t see much of a discount in apple shares (like you do in tsmc’s) for this

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@Fritz844 Agree. John hemptin wrote about it too (about a decade ago - in conjunction with the MW report)

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@reachvaldo 🙏

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@SteadyCompound Munger

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@Gary_Brode Wealth

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@Fritz844 Predictions are hard. Especially about the future…(and nobody really knows anything)

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@SteadyCompound Valuation

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@Fritz844 @GlobalStockPick Netease themselves said in the release that it is low single digits of revenue (and likely lower of profit given they don’t own the IP). They are a lot more diversified these days (vs 2016/17)

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@SteadyCompound Pls send me a copy