> the companies with the highest valuations are those which make the most money In a perfect competition landscape, the net profit of players goes to effective

> the companies with the highest valuations are those which make the most money In a perfect competition landscape, the net profit of players goes to effectively near zero. It doesn't matter if you're making sweaters or jet engines, this virtually a law of economics. The companies which have the highest valuations are those which make the most money (by eliminating competition).