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Burry is probably right, but he forgets that Thiel is friends with Trump, so the merits of business don't matter for Palantir to secure lucrative government contracts.
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But is Trump really going to give Palantir a contract allowing Palantir to make 10-15 billion per annum and hand that out to shareholders? That's what's required to get the P/E ratio to 15.

Having things make sense with PE ratios is no longer a requirement. What is Tesla's again?

That's true for a while, but never for ever. But the market is unlikely to be irrational forever.



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