@LT3000Lyall Would you mind sharing? I searched his letters from 96 thru 03 for Cisco. Perhaps it was in response to this: https://t.co/0zMIea6Rdr

In any case, are you applying a 10x multiple to $AMZN to say it's overvalued? $144B being 10% of $1.44T current market cap after all.