A staggering calculation of the $47T cumulative wealth transfer from the bottom of the income distribution to the top over the past forty years.https://bit.ly/3u9F90p
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It's very naive (either that or intellectually dishonest, but I'll give you the benefit of the doubt) to believe that companies aren't worth anything unless they're profitable. What if a company is reinvesting in its own growth?
If unprofitable companies are worthless, Amazon was worthless till 2003.https://www.computerworld.com/article/2575106/amazon-records-first-profitable-year-in-its-history.html …
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Yeah Tim, Paul is right on all these lines.. I mean, Tesla didn’t crack profitability until like a year or so ago?
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I totally agree that the value of investment is precisely to fund the creation of services that wouldn’t exist otherwise. But what is different today is the amount of money that people can take off the table before they proven that they are actually building something that works
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You are picking a company that has the power to force people to walk to lunch, the bathroom, and wait in line for a security screening before leaving work for the day *all* on their own time because the labour market is so broken?
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Tell me again where Amazon's value comes from?
End of conversation
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