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I’ve been thinking about how companies such as Costco, Apple, or even Domino’s usually trade at high multiples. On one side, the quality of the business and consistency justify a premium, but on the opposite side, returns in the future seem limited if you pay too much. For long-term investors, how do you personally balance quality vs valuation? Do you wait for the stock to drop a little, tolerate lower returns, or avoid them completely?

26 pts · 40 comments · u/Kdub567 · 2026-04-27 17:09 UTC