Careful of making absolute statements... Yet it did indeed enjoy many decades of growth thereafter, thus far exceeding a 100 times multiple...
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Very serious edit: PLEASE take the above into consideration when you read any number of the regular posters to
HOLD YOUR SHARES.
Not too many of us have been investors through multiple recessions and multiple usustainable booms. Those of us who have know the rules:
1. Choose your investments very carefully; it's often easy to mistake size and hype from fundamental value. Spectacularly, think Enron;
2. Once you choose ignore market fluctuations, but...
3. Because (2) is not possible, don't gloat when it's high, don't panic when it's low;
4. Obsess over fundamental changes. if those change for the worse, sell!
5. Remember those immortal words emblazoned on Douglas Adams' famous
Hitchhikers Guide to the Galaxy cover:
Don't Panic!
There are numerous lists of comparisons.
I have said a few times here that, having learned about derivatives from serious experts, there are only a handful of simple rules that nearly all ignore, including Nobel prize winners:
1. Stochastic models work within their boundary conditions and fail utterly outside them;
2. ALL models used to evaluate future events are inherently stochastic;
3. There are consistent winners in the world of securities trading. Those are market makers. Everyone else loses eventually because,
4. The derivatives markets and products are designed as Casino products-only the house wins long term.
5. having designed a few such profits in a past life I know I am not an expert, but, I also know that principle is correct and immutable.
6. Just as with casino products there are a few people who make their living with this products, usually by beating people whose judgement is even poorer than theirs.
As with items 1-6 there are many highly analytic people who disagree who build and defend various charts, models and 'metrics of value'.
FWIW- a colleague of mine makes a very nice living building model to predict horse races and evaluate individual horse values (he takes ZERO positions himself);
I know neither Audie nor I can convince anybody that prudence has value. OTOH, we are both older than the vast majority of people who invest in TSLA or anything else.
