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I 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 compa
by ceilingcorner 6y ago
I 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.