๐ก๐๐ผ๐ผ๐ด๐น๐ฒ ๐๐ผ๐ฟ๐๐ต ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐๐ต๐ถ๐น๐ฒ? ๐ก
"Google has become such a dominant and popular brand that its stock performance has brought back memories of the dot-com heyday. As I write, the company's share price in summer 2006 is an astronomical $387 (down from over $450 at the start of the year) and its market capitalization is over 120 billion. So, according to the markets, Google is worth (or will be worth) far more than the total value of every company in Chile ($65 billion), a dubious assertion on the face of it. Chilean companies combinard to create a GDP of 169 billion dollars in 2004, while in 2005 Google had earnings of a few billion dollars."
Extract from "How life imitates chess" from Garry Kasparov, which I'm reading now - passionating book! Although probably more so if you're a bit of a chess nerd.
Well, 20 years later, $GOOG (Alphabet) had a revenue of 386 billion dollars... More than Chile's GDP of 330 billions. And its market cap has been multiplied by 30.
Garry Kasparov is one of the smartest people in the world.
๐ง๐ต๐ถ๐ ๐ฒ๐ ๐๐ฟ๐ฎ๐ฐ๐ ๐๐ต๐ผ๐๐ ๐ต๐ผ๐ ๐ต๐ฎ๐ฟ๐ฑ ๐ถ๐ ๐ถ๐, ๐ฒ๐๐ฒ๐ป ๐ณ๐ผ๐ฟ ๐ด๐ฒ๐ป๐ถ๐๐๐ฒ๐, ๐๐ผ ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ฒ๐ต๐ฒ๐ป๐ฑ ๐ต๐ผ๐ ๐๐ต๐ฒ ๐๐ผ๐ฟ๐น๐ฑ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐ฎ๐ฌ ๐๐ฒ๐ฎ๐ฟ๐ ๐ณ๐ฟ๐ผ๐บ ๐ป๐ผ๐.
So if you have a very strong opinion about which company will do well in 10 or 20 years, or if someone tells you how sure they are about it, pause for a moment and remember this :)
This is reading advice~
Take care and trade safe!
Nico
$SPX500$NSDQ100$BTC$GOLD... Show More
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