Earlier quoted context omitted.
I feel you are mixing value capture with value generation. If GM produces cars with the same level of margins as Facebook or Google, things will be different. LVMH (Louis Vuitton Group) holds a value equivalent to that of Toyota, Volkswagen, and two-thirds of Ford combined. Louis Vuitton alone was valued more than Red Hat a few months ago. This doesn't mean that Louis Vuitton is more valuable than Red Hat, but rather…
> This doesn't mean that Louis Vuitton is more valuable than Red Hat, but rather that it captures Value more effectively than Red Hat. What definition of 'valuable' are you using here?
I think it is a fair point TBH, my original comment could have been more clear about this aspect.