Subject: Re: S&P500 valuations
I haven't really studied the individual companies that comprise the index but cant one assume that the S&P 500 is not as overvalued as above suggests, given the companies that make up the top 30pct?
Goog and meta, once cash is netted out trade at more reasonable PEs (havnt looked at Msft or apple but assume the same)and berkshire's numbers are heavily distorted.