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by 55555 620 days ago
Over the extremely long term in competitive industries, prices asymptote at ~costs. So it's still a generally useful measure, and in ~all cases, it's at least a directional indicator.
2 comments

Why would the extremely long term be a useful measure, when we have no way to know how long that will take to happen, and no way to know what will happen in the meantime to disrupt it?
Sure but currently this is not a competitive industry because nobody else can do this.