Sure, but the market is often bamboozled in the short term. Hence crypto stocks and Super Bowl ads about nfts. The “market” was 100% wrong about the long term value of the tech.
My point was that what a bunch of people say about tech is forgotten over time and the actual value of the tech emerges. You want to describe that in market valuation terms, fine.
My point was that what a bunch of people say about tech is forgotten over time and the actual value of the tech emerges. You want to describe that in market valuation terms, fine.