Scott Galloway made an interesting point in this Land of the Giants podcast about Amazon. He points out that Amazon convinced Wall Street it doesn't need to sho

Scott Galloway made an interesting point in this Land of the Giants podcast about Amazon. He points out that Amazon convinced Wall Street it doesn't need to show profits and can reinvest more capital into growth than their competitors. Walmart and Target are expected to show profits to their investors on a quarterly basis while Amazon (and Netflix in this case) get to invest more cash that isn't taxed yet. This gives them a competitive advantage unless Walmart can convince investors that it will stop showing profits in order to reinvest in some growth opportunity. https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vbGFuZG9mdGhlZ2lhbnRz/episode/YmZkZGQ1OTgtYTRjMy0xMWU5LTkwYTAtZWIyY2RhZTE5M2Nj?sa=X&ved=0CAUQkfYCahcKEwiA3suKlefvAhUAAAAAHQAAAAAQAQ https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGh...