Well, I guess that`s why it is called hindsight bias)

Looking back 5-7 years when MA was at 250-300 per share I did not add as I thought 35 p/e was pretty high. In hidsight, that was a mistake.

Agree, both are printing money and if you timing is long-term even 30-35 p/e is fine.

At the end of 2024 and beginning of 2025 it was Visa for me, primarily due to relative cheaper valuation. In addition I believe its Network of Networks strategy is attractive on a long-term basis. However, given current 33-37 p/e I think it is a bit stretched for both, unless your time horizon in 3+years. Overall great businessess and I consider both to be a long-term hedge against inflation, but I would be interested to add in case price decreases to 28 p/e for Visa and around 30-31 p/e for Ma.

Is it Visa or Mastercard for you and why?