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Topic
Earnings and Valuations
Last discussed
12mo ago
Oct 15, 2025
1 tagged in 12 months
Did the Market Just Top? | Animal Spirits 434
The Compound·Oct 15, 2025
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Stock market tops are determined by earnings, not by valuation multiples.
“And that's all that matters here. So I don't I don't care how high the forward PE gets. Now at some point it matters when it matters. And the higher you get, the less margin you have, the worse the downside is, but it doesn't matter until earnings actually disappoint”
The Compound · Oct 2025 · 1 episode · 24K views on this topicExtracted by a model; may misattribute who said what.
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