Miner Company
A Scenario Where The S&P 500 Drops 80%
The S&P 500 trades at 28x trailing PE ratio, which reflects a premium that prices in decades of growing free cash flow. AI does not merely disrupt businesses, it disrupts the certainty that equity valuation depends on.
The S&P 500 trades at 28x trailing PE ratio, which reflects a premium that prices in decades of growing free cash flow. AI does not merely disrupt businesses, it disrupts the certainty that equity valuation depends on.