if you guys have any interest in context, theres a great ‘history of nintendo’ on the ‘Acquired’ podcast, starting with gambling cards for the Yakuza in the like 1800s.
the ps2 came 4 years after the N64, a crucial time window of consumer audio chip evolution. but even more importantly, the N64 didnt even have a sound chip, relied on the CPU for it while competing for resources.
the valuation of a publicly traded company is traditionally the future dividends of outstanding shares. stocks that dont pay much dividends are counting on a growth strategy, capturing market share.
again with the homes, the market value of the home is traditionally based on what future revenues can be extracted out of it.
‘the price is the value’ should be based on something other than bigger fools.
traditionally a stock price is the net present value of all future dividends. just like a home price is the net present value of all future rent payments. of course its all off the rails now due to extended periods of minimal interest rates and dollar cancer.
if you guys have any interest in context, theres a great ‘history of nintendo’ on the ‘Acquired’ podcast, starting with gambling cards for the Yakuza in the like 1800s.