Subject: Re: Trailing the index again
Despite those long lines, that have provided sizeable profits for the year, a holder of Costco stock is paying over 46 times this year’s profits.

If I was holding I’d be wondering how much longer the lines can get.

All of my best investments have been when I bought something good and did nothing for a long time. Every time I try to get fancier, it doesn't go as well.