Video Link: https://youtu.be/q2EB9_awA5o [My Takeaway] You don't have to choose something difficult to earn a lot of money in investing. [Full Videos of Berkshire Hathaway Annual Meeting 1998] https://buffett.cnbc.com/1998-berkshire-hathaway-annual-meeting / [ABOUT - Collection: Warren Buffett] Want to learn about investing? Why not learn from the best? This is a collection of Warren Buffett's teaching. Comment below to share your takeaway with the community too! <<Collection>> For all Collection: Warren Buffett, click ↑↑↑ [My 2 Cents] Why does it P/E Ratio move up? Relative price-earnings ratios move up because people expect either the industry or the company’s prospects to be better relative to all other securities than they have been — than their proceeding view. And that can turn out to be justified or otherwise. Absolute price-earnings ratios move up in respect to the earning power — or the prospective earning power of — that is viewed by the investing public of future returns on equity, and also in response to changes in interest rates.