for me fundamental and relative valuation means 50% growth rate...

for me fundamental and relative valuation means 50% growth rate justifies a 35x PE. While a 10% growth rate justifies a 16c PE and you then want to look at whether the rest of the company’s story checks out before a company is a good invest. For example tassel sells salmon and pawn 2 highly value commodities in growing markets valued by the growing Chinese middle class that is a story that makes money. I am not sure what Bals story is