Linked by Thom Holwerda on Mon 22nd Aug 2011 21:19 UTC
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Member since:
2009-08-22
This one always fascinates me. People are often very quick, particularly at tech forums, to voice their disdain towards bankers, brokers, etc. ...except when worshipping valuations of some darling of theirs made by... the very same despised people.
Personally I don't despise bankers, I just think they need better regulation.
If there was no food hygiene regulations then lots of people would die from food poising after eating in restaurants - it wouldn't make restaurants a bad thing just unregulated restaurants.
On your substantive point. Economic performance does matter, not only is is it an indicator of the relative success of the competing technologies and products in the market place but also because all the technologies would be meaningless if they are not made into products by enterprises and the long term economic health of those enterprises drastically effects which products have a secure future and which don't.
Total valuation is not on it's own a telling indicator but it is indicator along with profitability, revenues, balance sheet etc.