I want you to write this word down multiples so when you look at PE ratio that's called a price multiple right price to earnings

meaning the price would I'm paying for how much the company is earning.

Does that make sense?

Let's put this in perspective.

Price, I'm gonna start with this.

Price is everything.

is everything.

A great stock isn't a great investment if you paid the wrong price for it.

Here's why.

If I buy Facebook at a 52 week high, it's a good chance that once it hit the 52 week high is going to do what

so at that point I could have just been patient and waited for it to drop.

Side note never buy a stock at a 52 week high. It's easy for you to listen to me

while you're in my presence but when you buy yourself you start doing whatever the

hell you won't do. Right? You, man, a trap trip, I'm about to buy this.

He ain't gonna see my bull fool you anyway.

I get it.

But hold on to this one for me.

Never buy a company at a 52 week high. It is always going to come back down.

At least can we agree just to do that for me.

Trapp, I'm a listen. All right, on the counter to you, I'm a trap, I'm a listen. All right on the counter to you I'm a trap. I'm a listen.

One, two, three.

That's all I need you to do.

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