> 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 wron

> 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