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Posts by anantksundaram

Amazon is, indeed, ridiculously valued. When there are thousands of stocks traded, there are always outliers here as anywhere else (Tesla is another one, IMHO). A few examples like that do not necessarily extrapolate to irrationality in relation to the market as a whole, or to relatively more mature businesses.
At some point, all I can do is shrug my shoulders and say, it's a free country. You're welcome to believe whatever you wish.
I don't wish to repeat myself. Suffice it to say that you are posting as though fundamentals don't matter. This, after -- correctly -- talking about value being nothing more, nothing less than the capitalization of expected future cash flows. That's bizarre.
I had hoped that Apple would go back to putting the headphone jack on the top, and not the bottom of the phone. I find the latter a tad annoying.
Please stop posting (and linking to) nonsense.
This is irrelevant unless you sold shares back to Apple from your holding in proportion to the amount that Apple repurchased.
It only makes sense to compare share price changes (i.e., returns) over time, not changes in market cap. (If we can argue that two shares are risk-equivalent, we can compare a multiple such as the PE ratio; but that can be questionable in many instances). The market cap is, to some extent, irrelevant to the individual shareholder since all that matters is the number of shares (s)he owns multiplied by the share price. The market cap will automatically decrease -- all else...
Of course the future is unknown. But that does not mean that people don't form expectations about the future, and put their money where their expectations are. To think that the stock price is anything other than the capitalized value today of risk-adjusted, expected future cash flows (as sog35 noted) is delusional.People value and trade assets today based on their expectations about the future. Period.
Unless you can tell us why, this is nonsense. You may be right by chance, but there's no rational way to predict that, or the time frame in which something like that will/could happen. The forward PE ratio on the market is a little higher than historical averages but not by much. The CAPE (Shiller-Campbell measure) is much higher than historical averages, but that has been so for a while (and Shiller has been crying wolf for a good while now).
At 11.56AM EDT, 8/19/14  
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