The Compound and FriendsWorst Quarter in 4 Years, Oil vs Stocks, Win Rates From Buying Corrections, the Case for T and VZYou Can’t Predict Multiples
22:08–22:59 · 51s
Josh delivers a crisp lesson: even if you nail earnings, investor willingness to pay the multiple is a moving target—underscored by a sharp multiple contraction despite falling rates.