William Harmond:
You wrote:
<<<Being long Amazon is just as intellectually and emotionally challenging as being
short. Holding either position is hard work. Wishful thinking is the last practice
anyone wants to rely on, and your contention that to disregard your summary of
what Amazon or industry experts are saying means that we are therefore involved in
wishful thinking is shallow and cynical.
When you can point to any real trouble in Amazon's execution, and we longs
disregard it, then tell us we are wishful thinkers.>>>
No offense, but I have yet to see ANY BULL post anything with the analytical rigor, let alone comprehensiveness, of what Glenn R. posted this afternoon. Instead of getting into a pissing contest with Rob or anyone else, go back and slowly read and re-read what Glenn posted as he alluded to at least 5 different mentions of execution problems (rankings by independent services on cd shopping, Bezos' own concerns about "executive bandwith," the disgruntled employee who was apparently encouraged to adopt used car salesman tactics, the need for more distribution centers, difficulty of getting enough qualified employees for programming, phone lines, management, etc. -- and there are more "real troubles in Amazon's execution." BTW, you might consider the bear argument that even if we assume (and I don't believe for a moment that this is true) that amzn did not currently face execution problems and could grow forever in oh, let's say 8 industries at breakneck speed (something its own ceo denies),
there is still not one single element of amzn's strategy that is not replicable given a bit of time and money.
LP |
