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>But I’d bet there are many here with >$1M is assets and >50% of the public would find that outrageous. 171.6/137 is still $1.2525B. Lets say 15 is a fair P/E
by basch 6y ago
>But I’d bet there are many here with >$1M is assets and >50% of the public would find that outrageous.
171.6/137 is still $1.2525B. Lets say 15 is a fair P/E ratio, thats almost $19B. 1900 Million. People with >$1M is assets and >50% of the public still cant fathom the difference between a million and 10 billion.
And historically, despite having a high P/E ratio, Amazon exceeds growth expectations.
I don't know who is saying to tax his assets. But the laws, rules, economies of scale, feedback loops, and anti competitive behaviors that allow one person to amass that much money should be treated as glitches that need to be patched.
- hindsightbias 6y agoBezos doesn’t care about his wealth or the valuation anymore than John D. Rockefeller did. It’s just more paper. He cares about maintaining control of Amazon and dabbling in his hobbies. Kneecaping Amazon would result in hundreds of billions in wealth loss spread across millions of investors.
- basch 6y agoIf you look at it from the perspective of Amazons own internal wealth being its own currency, money has a different value in the system and outside it. He buy things directly with stock, like we would use cash. He can downgrade his value store from Amazon bucks to USD, but he doesnt have to to spend it. Knowing how Amazon shares convert to USD is probably less useful than knowing what you can buy directly with Amazon shares.