If you are wondering whether Block at around US$72.12 is priced attractively or already baking in a lot of optimism, the key is to look closely at what the current valuation actually reflects. Over the last week the stock returned 1.2%, over 30 days it returned 15.9%, and over 1 year it returned 24.0%, while the 5 year return shows a decline of 64.5%. This mix can change how you think about both risk and opportunity. Recent coverage has focused on how Block fits into broader conversations...