this is 1929 repeating, page-28

i spend a lot of time trying to work out what companies are worth
I look at the actual business and the financials and use this information to predict what they might earn in the future
I then try to work out what the intrinsic value of the business is worth

after that I like to compare the intrinsic value to the market value

AT THE MOMENT ALL STOCKS ARE UNDERVALUED

the question I ask is

WHY?

Here is the reason why.

SENTIMENT

the reason shares are cheap is because people who don't understand value are selling their stocks for nics.

Sentiment is irrational emotion.

Putting up a thread comparing now with the 1929 great depression is only contributing to the hysteria