Afterpay Valuation, page-398

I agree in principle in time when this companies rise has settled, but disagree through the rapid expansion growth phase for this reason:

Sure there may be a 10% reduction in people spending which will crucify some businesses working on a 5% margin

But apt is expanding exponentially for 3-7 years. So lets say there sales turnover over next 5 years is
5bill
15 bill
35 bill
70bill
110 bill

now we have a recession in 3 years

5 bill
15 bill
32 bill
61 bill
102 bill ( as we recover)

Big f$@&k??

I cannot see that scenario as anything other than a minor considerations giving the company is expanding exponentially for many years.

So for a mature steady business on a low margin such as a retailer or a bank sure, recessions are scary.

But to lump thus company with massive margins and leverage even when maturing it’s an irrelevant minor concern (blown out if proportion by people looking for an excuse not to invest)

However I do really like your balanced vision given you’re a believer and LT investor, so thanks for highlighting salient points that need to be considered

But what are your thoughts on the way I’m viewing recession concerns?

I don’t see it as recession proof, just recession irrelevant as it’s exponentially growing with ultimately massive margins.