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I agree. For example, look at companies by revenue, walmart is #1 and the no software engineer at the helm ever right? Of course now take a look at this macro
by replyifuagree 6y ago
I agree. For example, look at companies by revenue, walmart is #1 and the no software engineer at the helm ever right?
Of course now take a look at this macro trends chart comparing walmart to amazon
https://www.macrotrends.net/stocks/stock-comparison?s=revenue&axis=single&comp=WMT:AMZN https://www.macrotrends.net/stocks/stock-comparison?s=revenu...
Now tell me your best guess on when when Amazon will pass Walmart to take Fortune 1.
- ceilingcorner 6y agoI don't doubt that Amazon will overtake Walmart, but I have an issue with calling someone the best CEO today based on a metric that is dependent on future projections.
- replyifuagree 6y agoMy conservative guess is three years. How about revenue growth rate? That's now right? Edit: one thing about revenue and profit is that there are businesses that operate off of graft that kind of throw a monkey wrench into those measures
- ceilingcorner 6y agoI don't think you have understood my initial point. Please, read my first comment again. I'm not saying that Amazon won't overtake Walmart, but that tech companies benefit from future projections factored into their valuations, while other non-hyped businesses don't. If the argument is that "software engineers make the best CEOs", it seems more likely that companies in the software industry simply get higher valuations for the aforementioned reasons.
- elcomet 6y agoAll companies shoud benefit from future projections. It's just that other companies are growing much slower.