Net income and free cash flow are real, once achieved only long lawsuits and the government can take that away from the corporation. Marketcap can be deflated

Net income and free cash flow are real, once achieved only long lawsuits and the government can take that away from the corporation. Marketcap can be deflated instantly just if enough people click the sell button. If you want to compare them you have to discount the marketcap adjusting it for the instability and undecisiveness of the human brain and also the instability of the marketplace of ideas and political currents, the instability of hero worship around the CEO and millions of other things. Once it's said and done it's a pretty big discount you have to apply.