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Practically no-one would have predicted

Yet... people somehow keep predicting there is going to be a bear market and it is going to magically create opportunities which WEB is going to capitalize on... Why that prediction today is acceptable?

Another fallacy of this argument is there were two 20% decline in this period, which should count as bear market. But facts are so annoying and inconvenient.

There are many folks questioned IBM purchase at that time. Some popular posters argued how IBM is moving to "value added, higher margin" business and at the same time these "smart guys" made arguments like AWS is a low margin business, etc....

Guess what AWS is doing 26% operating margin, full 10% higher than IBM's.
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