Re:Internal Amazon documents shed light on how company press...
by maverick-iceman on Monday June 21, 2021 @06:58PM
(#27585645)
> For non-Staff level SWEs, my opinion is that joining a FAANG with lower P/E is better for your future earnings.
No, because mr. Market has been looking at everything except P/E, more essentially you can't spend P/E. You spend price.
If you want to throw in P/E in the analysis fine, but then you have to throw in every other element which makes the stock move:
1) Cult CEO who is able to sell the narrative
2) Fed policy
3) Macro environment
4) Odds of company being targeted by the DOJ
and all the other trillions of factors which influences the price of a security.
As Druckenmiller reminds us: "There is not a phenomenon in the world which doesn't affect the price of a security in some shape or form, no matter how small"
No, because mr. Market has been looking at everything except P/E, more essentially you can't spend P/E. You spend price.
If you want to throw in P/E in the analysis fine, but then you have to throw in every other element which makes the stock move:
1) Cult CEO who is able to sell the narrative
2) Fed policy
3) Macro environment
4) Odds of company being targeted by the DOJ
and all the other trillions of factors which influences the price of a security.
As Druckenmiller reminds us: "There is not a phenomenon in the world which doesn't affect the price of a security in some shape or form, no matter how small"