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| Did not get a chance to listen to this, but was listening to a podcast where one of the host stated 12% of the S&P500 earnings come from mark to market accounting gains companies are doing on their investments in AI. Simply running the investment change in price carried on the balance sheet and adjusting the income statement by that amount thanks to the FASB change several years ago. I did not fact check it but also don't doubt it. If AI disappoints to any degree there is going to be hell to pay.... | |
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PE earnings
