Apple could've built lower-priced phone that keeps margin %. Chose not to, believing it not good enough. Street doesn't care about quality.
@anandabits @eric_perlberg what is the bear case for Amazon? How are they threatened?
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@monkbent@eric_perlberg no need for threat to see them as enormously overvalued. What is the case future earnings will justify valuation? -
@anandabits@eric_perlberg actually, there is a need. If can't articulate threat, then upside is by definition unlimited with zero downside -
@monkbent@eric_perlberg strongly disagree. Eventually market valuation will align with tangible earnings. Free pass will not continue 4ever -
@anandabits@eric_perlberg you can't just wave away the fact you aren't making the bear case. Confirmation bias -
@monkbent@eric_perlberg do you agree with that? How do earnings that justify current valuation materialize? That case hasn't been made. -
@anandabits@eric_perlberg it's like people only looking at Apple's downside and not the upside, but the opposite -
@monkbent@eric_perlberg I'm open to hearing how amazon reaches profit levels that justify valuation, just haven't heard a compelling case.
End of conversation
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