Comment by HWR_14
8 hours ago
> would have never expected to see a cult of personality being run on the top of S&P 500 market caps,
Steve Jobs had a cult of personality as well. Of course Apple had financial reasons to support its valuation when he was leading it in the 2000s
But Apple under Steve Jobs had all the financial numbers to support it, it wasn't valued solely on Steve Jobs' personality, the products were there, and being loved by consumers. Revenue wasn't dipping while the stock was going up, revenue, market share, profits were consistently on the rise.