> Barclays isn’t convinced. “We believe the valuation argument is becoming less and less helpful,” the firm said. “Furthermore, we look at a valuation analogy v

> Barclays isn’t convinced. “We believe the valuation argument is becoming less and less helpful,” the firm said. “Furthermore, we look at a valuation analogy vs. Microsoft from 2000 to about 2010 and see no precedent that large-size tech companies simply start to broadly outperform again after a tough year or two if the law of large numbers is catching up to them and margins have peaked.” In my fantasy world, said analyst would be facing a massive fine for mistaking "Same % growth is harder the bigger you get" and "The Law of Large Numbers".