I'm an Empiricist, but I Also Am Never Certain.

The idea of what something's value is has fundamentally changed. We're still ultimately looking for the same stuff that we were before. The growth is less important than just the return that you can get from these businesses. And i look at amazon, on a hundred billion dollar base, has had like a forty seven % year of growth. There don't seem to be those limits any more. So how do we think about those kind of companies? Well, i wouldn't necessarily change the approach that i have. I'm not yet persuaded by that argument.