Boeing stock price still almost doubled in the past 10 years. Went up by hundreds of percent in the past two decades. GE stock is worth 40x what it was worth 40 years ago, when Jack Welsh took over management! These two seem like two very successful companies, led by succesful strategies.
Do stock prices even meaningfully represent anything anymore? Looking at some valuations makes me feel like it has all devolved entirely into gambling.
A lot of badly managed companies (or just companies in stagnant industries) saw their stock prices stagnate or fall. Boeing and GE had large rises though (meteoric in case of GE).
