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Yeah but humans expect return on investment before they die.
by vasco 3y ago
Yeah but humans expect return on investment before they die.
- Nevermark 3y agoStock reflects future money flows today. If you can sell stock, or leverage it for loans, then you get access to future profits as soon as there is a reasonable expectation they will eventually show up. Amazon's growth model was based entirely on this effect for many years. No need for profits, company's value skyrocketed as anticipation compounded.