> Apple & MSFT's stock price does, in theory, "price in" their tremendous revenue I think this is easy to say in hindsight, but 10-20 years ago it was not at a

> Apple & MSFT's stock price does, in theory, "price in" their tremendous revenue I think this is easy to say in hindsight, but 10-20 years ago it was not at all obvious that Microsoft or Apple would be where they are today (even as recently as 2014 the outlook of Microsoft was very different than it is today). Besides, potential future revenue is different to actually achieving it - 30 years ago companies like Commodore, Amstrad and Gateway all had tremendous growth forecasts, and maybe in an alternative universe would be the dominant players today, but history favours the winners and is always obvious in hindsight.