Well, to some extent it is. You can argue both ways, and in Zapier's case, I'd say it's overvalued as the 10-15 range assumes obtaining a monopoly. I don't see how Zapier will do that since there's also IFTTT and other services I've tried.
With that said, consider huge successes like Amazon. Huge successes like Amazon have been generating much more profit compared to what they were projected to earn in 2010 [1]. I picked 2010 since 2 things are out of the way: the tech boom and the credit crunch. Moreover, people understood that Amazon was here to stay. Despite that, 10 years later, they make 20 times as much profit. If investors knew that 10 years ago, I'd bet that the price would not have been about 130$ since according to Google Finance, the diluted earnings per share (EPS) is about 42$, which is about 30% of the 2010 stock price.
Mind you, in 2010, investors already put crazy multiples on stocks like Amazon. Yet, their prediction on how much money it would make has been underestimated back then. If the estimates of 2010 were correct, you'd expect Amazon to now have an EPS of like 6.5$ (130/20) since by conservative measures, the P/E ratio is in the 15-25 range.
Correct me if I'm wrong on this, I'm not the sharpest cookie in the jar.
> Bitcoin is an almost perfect exploitation of humanities fatal flaws (greed, unwillingness to acknowledge externalities - i.e. selfishness).
Presuming Satoshi did this out pure altruism, I wouldn't say perfect. However, if Satoshi still has 10% of the Bitcoin supply, then I couldn't agree more. Given the fact that most of us don't know, we're simply projecting whatever believe we have on that particular matter, which definitely votes for "an almost perfect exploitation of humanities fatal flaws"
It may raise eyebrows, but with the current WFH culture, I simply take naps during work time. If I feel tired, then it's in my and my employers' best interest for me to nap since I will be much more productive for the next few hours.
I've tested this also by not sleeping, and my code becomes worse and I need to rewrite a lot of it anyway.
In fairness, I do try to go to bed on time, but my issue is that I sometimes only sleep 5 to 6 hours. My body just won't sleep, so I make up for it during work time.
I know I am. I'm dreading living paycheck to paycheck being pushed into a specialism in which people only think I'm capable of doing that. Eventually, I'll be able to safe a bit, but it doesn't mean that I can take a break from work. It's nice to have 25 vacation days (yay Europe), but I'd prefer, hmm... 3 months? Not gonna happen? I get that, from an economic point of view, but from an "enjoy life" point of view, that would be where I'd want to be, or perhaps even 6 months. I'd work the other 6, that's how much I want to work.
Recently, I asked at a new job that I was about to start if I can work 4 days per week instead of 5. Now they're doubting to even hire me. Screw this. Contracts don't make sense, they claim you trade time for money, but that's a lie, otherwise I could work 20% less than what's normal.
When I did enjoy life, I was at university.
I didn't have those concerns and I studied whatever I felt like. I enjoyed life then. Also when I'm on vacation and know that I can take a break from worrying, then I also can enjoy life, or maybe it's simply that hiking with good friends is amazing.
It's easy to enjoy life given unconstrained resources. Unfortunately, I see that we're mostly resource starved. Rent? That's about a 2 week paycheck (otherwise 3).
With that said, it beats dying because you don't have access to medicine. It beats a lot of things that medieval people used to do. It's better.
With that said, consider huge successes like Amazon. Huge successes like Amazon have been generating much more profit compared to what they were projected to earn in 2010 [1]. I picked 2010 since 2 things are out of the way: the tech boom and the credit crunch. Moreover, people understood that Amazon was here to stay. Despite that, 10 years later, they make 20 times as much profit. If investors knew that 10 years ago, I'd bet that the price would not have been about 130$ since according to Google Finance, the diluted earnings per share (EPS) is about 42$, which is about 30% of the 2010 stock price.
Mind you, in 2010, investors already put crazy multiples on stocks like Amazon. Yet, their prediction on how much money it would make has been underestimated back then. If the estimates of 2010 were correct, you'd expect Amazon to now have an EPS of like 6.5$ (130/20) since by conservative measures, the P/E ratio is in the 15-25 range.
Correct me if I'm wrong on this, I'm not the sharpest cookie in the jar.
[1] https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-in...
[2] https://www.google.com/finance/quote/AMZN:NASDAQ?window=MAX