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My guess is that it's driven by multiple inflation. Prior to August 2018, there were no trillion dollar companies, now there are at least 5 (MSFT, AMZN, AAPL,
by CamelCaseName 5y ago
My guess is that it's driven by multiple inflation.
Prior to August 2018, there were no trillion dollar companies, now there are at least 5 (MSFT, AMZN, AAPL, Aramco, Google) and more on the way.
- thaumasiotes 5y ago> Prior to August 2018, there were no trillion dollar companies, now there are at least 5 (MSFT, AMZN, AAPL, Aramco, Google) This observation seems more likely to be driven by Aramco not being a public company before 2018 than by Aramco not existing before 2018. Just because it's a little harder to see something doesn't mean it isn't there.
- RC_ITR 5y agoSure there’s multiple expansion, but also significant earnings growth...