Post #2937 by palmersq on the Berkshire Hathaway board

If someone appears to be repeatedly personal, lean towards patience as they might not mean offense. If you are sure, however, then do not deepen the problem by being negative; instead, simply place them on ignore by clicking the unhappy yellow face to the right of their name.

- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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So much of our earnings at Tesla are not reflected in the profit and loss statement I think it makes GAAP near useless in determining the value of our shares.

Yes, P/E could be a misleading measure, expected distant E or not when we are just talking about GAAP earnings. It doesn't factor in growth prospect, nor does it properly adjust for investments/expenses made for future growth.

Obsession with P/E not only leads to error of omission but even commission (remember LYLT?). It's much more important to be a business analyst than a financial analyst in investing. It's better to be approximately right than precisely wrong by seeing P/E in the wrong mindset.

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