Evidence receipt / prediction
Published · transcript-backedBen Gilbert: prediction
22 Apr 2024 Acquired Microsoft Volume I
“Bill Gates says, "I think the multiples of technology stocks should be quite a bit lower than the multiples of stocks like Coke and Gillette because we are subject to complete changes in the rules.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- prediction
- Recorded
- 22 Apr 2024
- Publisher
- Acquired
- Episode
- Microsoft Volume I
Transcript context
…Right? It's just crazy that people don't yet appreciate the power. Bill Gates and Warren Buffett did a conversation at the University of Washington in 1998. This is as late as 1998. This thing that we're talking about, the magic of the software business model and how it should be reflected in a company's valuation especially when it's a high-growth company was still not understood even by Bill Gates himself. Here's the quote. Bill Gates says, "I think the multiples of technology stocks should be quite a bit lower than the multiples of stocks like Coke and Gillette because we are subject to complete changes in the rules. I know very well that in the next 10 years, if Microsoft is still a leader, we will have had to weather at least three crises." Bill Gates is essentially making an argument. Granted, this is in the middle of all the antitrust stuff, so he's very prime for this. And the Internet.…
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