Subject: Re: BRKB vs SPY last 5 years
Credit where credit is due indeed, but sometimes it is better to be lucky than good. TSLA has P/E of 113 and a PEG ratio at 8.8, if my math is correct. That is extremely aggressive pricing.

For companies that have easy access to capital (either through retained cash flow or the ability to sell inflated shares) the P/E ratio is not the most useful metric. I personally find TSLA "too hard" to figure out; some thoughts were recently shared on the Falling Knives board.

tecmo
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