The Standard Stock Price equates directly to sustainable competitive advantage. The space under the line is the present value of future earnings, discounted for risk. In high tech, the single biggest source of competitive advantage is simply catching and riding the next technology wave. The next biggest source is joining the winning value chain and achieving a leadership role within it. In all markets, competitive advntage is a function of market segment leadership, execution focus, and differentiated offerings.
Capital is like water.
It doesn't flow uphill against the gravity of competitive advantage. That's what the rest of the book it about. They still operate in a three-dimensional universe of being rather than becoming. Notions of a real-time business and of an organizational life cycle are not widely held or used. Organizational culture is what holds everything together.