>if a company was growing at, say, 10% per year, prior to the covid-craziness, then one would expect something like that natural growth to continue
A company growing 10% per year would be around 7x larger 20 years later. There's a limit on how big companies can get.
Is there? GE, back in the days, did everything, and looking at Samsung as a percentage of South Korea's economy, would say, absent any government regulation like anti-trust, there really isn't. Berkshire Hathaway is one such conglomerate in the US today.
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