4 ms·
It all about future growth and not what is happening right now.
by cdash 13y ago
It all about future growth and not what is happening right now.
- erichocean 13y agoI think the "future" should be quantified, since infinitely far in the future, who knows? So, let's say 10 years (the number is arbitrary). If we take the "future" to be in 10 years, that would mean that investor think Google's value will increase by almost 4x while Apple's value stays stagnant (no growth at all). Either that or they think Google will be stagnant, and Apple will fall by almost 4x. Or of course, somewhere in the middle. The point is, "the future" isn't well-defined, and it makes businesses like Amazon get to hand wave each quarter.