@ValueStockGeek $MSFT Free Cash Flow 1996-2020

in 1999 equity traded up to ~35x Cash Flow

that figure is ~23x now 

Fed Fund rate was 4.75% in 1999 and raised to 6.5% 

rates 0.25% now and the business = SaaS, not Windows 98 https://t.co/4E0t1T74rm