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118: Mikael Syding | Life, Lessons & Experiences From The European Hedge Fund Manager Of The Decade

Curious Worldview

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Shopify Needs to Be 10 Times Their Size, but They Are Super Successful

A normal company should be valued at 15 times earnings, he says. Over time, almost no company can sustain more than 10%. And the competition ensures that you will either be replaced or your margins will competitive away. So Shopify needs to be 10 times larger than they already are, but they already are super successful.

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