Out of curiosity, I checked the P/E ratios of Tata, Honda, Hyundai, Ford, GM, Fiat Chrysler, BYD, and Tesla. With 2 outliers, they were from 6.5-8. BYD? 15 or so, but they're growing. Tesla? Over 100. That's insane.
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This just reaffirms my belief that money and the stock market aren't real. Just a system of zeros and ones used as place-holders in the American Caste System.
Money is real in that pretty much everyone uses it instead of barter to obtain goods and services, but I would say that the stock market has far more in common with casinos than anything rational, especially stocks like Tesla. Money also enables international trade.
I agree money is "real" as it serves as a symbol (fiat) that holds a commonly accepted value to conduct transactions. But since you literally can't count or physically show someone a trillion dollars...it's not real. The problem lies in the systems of control which determine the accepted value.
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