Hacker News Reader

They are sigmoids, but for some the plateau is 30 years in the future with a 5T market cap.

For example Facebook's revenue is still increasing at an increasing rate, 21 years later

This is an incredibly important thing to understand. Buffet himself said it's better to be an average business in a great market that to be a great business in an average market.

Interesting. Not doubting this, but one of his sayings I saw many times is that "it is better to buy a great company at a good price than a good company at a great price", implying that great companies are worth significant premiums.

Reply on news.ycombinator.com