I was having a flick through our corporate Twitter feed when I saw someone bemoaning the fact that INTU was trading at 50x earnings. I don’t think the market really cares. But it is an example of the disconnect between the belief structure that dictates that you think you know what something should be worth versus the reality of the market telling you what it is worth. An investment of $10,00 in 2009 would now be worth $173,249.
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