pretty good larp. nobody cares.
your tune changes quickly from sophisticate to abuser
in every explanation there is an apology
ever since we left the last vestiges of the gold standard in late 1960s / early 1970s
stocks began trading at multiples of their book values, each industry converging on an average multiple.
with a return to gold-based money, all the stocks will return to more-or-less book value
published book value is only a starting point vs. valuation by forensic accounting that discounts all intangibles. more like liquidation value. we've been hiding inflation in the intangibles all these years.