WALLSTREET / 8472 • SPECIAL INTERNET EDITION
PAUL’S 1998
MARKET OUTLOOK!!!
BUY HIGH. ADD A GIF.
FOUR EXTREMELY CONFIDENT PREDICTIONS
The internet may have commercial potential. Especially the spinning globe sector.
Technology shares appear reasonably valued, provided you do not look at the earnings.
Interest rates will probably remain stable forever. We have deleted the other scenarios.
Past performance is guaranteed to continue. The bull has never once turned around.
ARCHIVED PARODY — NOT INVESTMENT RESEARCH
INTERNET VALUATION MODEL v0.01 BETA
Awaiting assumptions. Preferably optimistic ones.
THE BIT WORTH KEEPING
The presentation is a joke. The useful questions are not.
- What does the business earn in cash, and why?
- What returns can it earn on the next dollar invested?
- How durable are those returns?
- What are we paying, and what could go wrong?
Understanding the business beats admiring the share-price chart.