Brett's list of bits - stuff and things as well as things and stuff...
This is a long-term trend - and most of us in the Internet/computing game get it - that the value of a company is not based on bricks-and-mortar.

However, the issue here is that many companies are valued on - well - pretty much nothing. Why is Snapchat worth so much given that they have no revenue? Why was WhatsApp valued so highly given that the had some revenue but not in the billions of dollars?

Is this valuation false? Are we headed for a crash? Are we in a bubble?

I don't know - I'm not a finance guy. But the valuations of companies in the US is far higher biased towards intangible assets than it is here in Oz. And I don't know whether we should be worried about that.
Posted: March 30, 2015 @ 10:48
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