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Another way of looking at this is, stock value doesn't just not mean what reasonable people think it means - the meaning of prices is 200% wrong. Another way o
by an_opabinia 6y ago
Another way of looking at this is, stock value doesn't just not mean what reasonable people think it means - the meaning of prices is 200% wrong.
Another way of looking at this is, no one is going to be able to redeem all the Amazon stock there is for cash at this price, that only mark-to-market is wrong.
Another way of looking at this is, Jeff Bezos was happy doing what he was doing for peanuts throughout Amazon's early lifetime, so would wealth taxes or CEO compensation caps or whatever boogeyman really have dissuaded him from taking other people's money?
- mobilefriendly 6y agoA wealth tax would have limited the amount of early investment available to Amazon (and the start-up ecosystem as a whole), and it very well might have forced liquidation of shares at critical points in the company's early history when Bezos was wealthy on paper as an Amazon shareholder.
- graeme 6y ago> Another way of looking at this is, no one is going to be able to redeem all the Amazon stock there is for cash at this price, that only mark-to-market is wrong. Maybe, maybe not. Amazon’s daily trading volume is about 3 million shares, and there are around 500 million shares outstanding. In 150 days the entire market value of the company trades. It would be weird if the whole thing was sold at once, but there would be people interested in buying. The company has real value. https://finbox.com/NASDAQGS:AMZN/explorer/volume_avg_3m https://finbox.com/NASDAQGS:AMZN/explorer/volume_avg_3m https://ycharts.com/companies/AMZN/shares_outstanding https://ycharts.com/companies/AMZN/shares_outstanding