Yes I can see companies like Shell that has real assets or
Have long history of dividends.
But many like amazon have no profits and no barrier to competitors
“But many like amazon have no profits and no barrier to competitors”
Uh, the barrier to competing with amazon is a mere 131 billion dollars worth of warehouses, distribution systems, infrastructure. servers, and software. That’s why there are no effective competitors to amazon ... just a few outfits picking up crumbs in niche retail areas.