LyrArc Article Gist
To understand the upside down nature of and distortions in capital markets by 2024 look at this set of valuations. Can you tell which market capitalization or valuation is out of step in this list? Boeing $100 billion GM $67 billion TikTok $300 billion Intel $105 billion Apple $3400 billion Nvidia $3650 billion Answer: TikTok, Nvidia Another way to look at it the combined valuation of Intel, GM and Boeing is $272 billion, less tha Tiktok at $300 billion. What if these companies disappeared tomorrow- would everything come to a standstill? Almost standstill as there would be no more laptops, cars and planes, much of our modern life would come to a standstill. Remove TikTok would life come to a standstill? Better still the capital allocated to TikTok is put into education, and financial literacy, cultural literacy, would life come to a standstill or are we better off with a more educated citizenry? ...
To understand the upside down nature of and distortions in capital markets by 2024 look at this set of valuations. Can you tell which market capitalization or valuation is out of step in this list? Boeing $100 billion GM $67 billion TikTok $300 billion Intel $105 billion Apple $3400 billion Nvidia $3650 billion Answer: TikTok, Nvidia Another way to look at it the combined valuation of Intel, GM and Boeing is $272 billion, less tha Tiktok at $300 billion. What if these companies disappeared tomorrow- would everything come to a standstill? Almost standstill as there would be no more laptops, cars and planes, much of our modern life would come to a standstill. Remove TikTok would life come to a standstill? Better still the capital allocated to TikTok is put into education, and financial literacy, cultural literacy, would life come to a standstill or are we better off with a more educated citizenry? ...
