This quote illustrates how value investing works these days

Summary

• The post shares a Lone Pine Capital quote arguing that modern value investing requires judgment on high-multiple growth stocks (40x PE), not just obvious cheap stocks (10x PE).
• Author's implied thesis: classic deep-value screens are less relevant today; identifying "expensive-looking" compounders is where true analytical edge lies.
• Quality assessment: Noise — philosophical/industry commentary with no underlying data, no company specifics, and no position rationale.