HNHacker News
TopNewBestAskShowJobs

hstrex

19 karma · joined April 11, 2026

submissionscomments
hstrex··on P/E Tells You the Price. Reality Gap Tells You the Delusion
Agreed. This is not useful for seed-stage startups.

It becomes interesting for public companies that already have mature-company fundamentals, but are still priced on a startup-like narrative. Then you can at least make the implied future assumptions explicit.

hstrex··on P/E Tells You the Price. Reality Gap Tells You the Delusion
None. The point is not Tesla specifically. Tesla is just a convenient stress case because expectations, narrative, and fundamentals are unusually far apart.