Comment by troglodytetrain

So, maybe a dumb question, but do we have any real reason to believe that productivity at any level is actually associated with the actual underlying profit and earnings of any of the companies that are heavily 'knowledge work' focused, like big tech? Sure, for a factory, or a farm it makes sense.

But for tech I get the impression that valuation has been fundamentally unmoored from actual production for decades already. Its less about 'productivity' and more about vibes.