Part 9/12:
Bur predicts that by 2028, companies like Oracle, Meta, Google, Facebook, and others might be overstating their revenues by as much as 20-27%. But he also acknowledges that his argument depends heavily on prevailing demand and supply dynamics. If demand wanes or supply accelerates—say, through technological breakthroughs or regulatory measures—asset values may normalize, and current depreciation models will be more appropriate.
This highlights a key point: Bur’s claims may be valid in the short term but fluctuate with economic conditions. If a recession hits, demand for high-tech assets could decline sharply, leading to a rapid reassessment of asset values and profits.