how donyou make sense of stock valuation?
when I look at companies like Shopify and Chegg etc, I just can’t make sense of the current valuation. Shopify’s market cap is at 84b while its annual revenue is 1.6b. So if Shopify grows 10x tomorrow, and if it incurs 0 cost, you make your investment money back in 5 years? are people stupid or am