Why would the market pay such a premium when tech stocks grow at a rate of 30 to 40 per cent, while Costco grew at a rate of 10 to 20 per cent, while P/E ratios remained at more than 50 times and now nearly 55 times?
Why would the market pay such a premium when tech stocks grow at a rate of 30 to 40 per cent, while Costco grew at a rate of 10 to 20 per cent, while P/E ratios remained at more than 50 times and now nearly 55 times?
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