3 ms·
Since 2/1/13 (Slate), AMZN's up 205%. 205% in 4 years to almost this day!!!!! His thesis that AMZN's an investor funded charity has been blown up via the gain
by caminante 10y ago
Since 2/1/13 (Slate), AMZN's up 205%. 205% in 4 years to almost this day!!!!!
His thesis that AMZN's an investor funded charity has been blown up via the gains accrued by investors. Despite being wrong, I admire his analysis as insightful and true to value investing principles.
In the '15 article, he changed his thesis to account for AWS' unexpected rise and earnings contributions and said his thesis fails if AMZN doesn't run out of profitable investment ops. I submit that's the key change. Despite being overall bearish, that's walking it back quite a bit.
FWIW, since 12/9/15 (Vox), AMZN's up 26%.
- aptwebapps 10y agoI was going by memory and your '15 link, so I could well be mistaken. I remembered the general tenor as "What's up with this?" rather than "It will never work."