Nothing like using 80 year old metrics to analyze things in a completely different world. Few seem to realize that we are no longer in the plant, raw materials, labor world. Thus, when sizing up capital, new metrics needs to be looked at. We are not in the same realm as before.

I am doing a series on Tesla, one that is hammered because of their absurd P/E ratio. Well, when one factors in the disruption that company is doing, it is nothing in my opinion. But few look at things that way. Only when Amazon, which had a poor P/E ratio when it was priced at $400, explodes, do people realize that there was a lot more going on than realized.

As for the future progress, I think the same curve that IT went on over the last 4 decades will be duplicated in biology. We are going to see huge strides there.

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