Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: H James Morris who wrote (119132)	3/3/2001 10:40:37 AM
From: GST	Read Replies (2) of 164684

"his picks never seem to make a profit!" I don't recall Bill ever doing any investment analysis -- it was always "belief" with him. His style is perfect for a stock mania where people who do their homework lose out to those who ride the stocks up to absurd levels based on their "belief" in the stock. His style is a disaster when people sober up and do their homework -- and insist on profits. Bill equated the new economy with stock speculation, but he called it "investing" for the long term. This was a convenient way of avoiding reality right here and right now -- and the reality was he usually had no idea of the long term-profit prospects either. That is what the issue is with Glenn, who has said all along that AMZN's long term profit picture is bleak, always was bleak, and always will be bleak. Bill just never got it -- Bill never really could analyze the company as an investment prospect.

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