I know I'm stupid for asking, but there is just no rational path for to Tesla grow into a >300x p/e valuation right?
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I think there's an argument to be made that we're seeing what would have been considered 'insane' multiples become commonplace (and furthering my idea that they just don't matter) Whole market isn't particularly reflective of reality, smidcaps are just less shockingly divergent
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The natural extension of this is that the future performance of equity long/short funds is (kind of) a test of whether your hypothesis is right.
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It'll be interesting to see what happens. L/S funds haven't had a stellar time lately have they?
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