Charlie, no disrespect, but please don't refer to Amzn as a junk store.
First, the Ceo and founder had a wonderful idea, and business plan.
He sold it, to some private placements, raised the capital, built, the under lying technology ( which in my opinion, was the hardest) and within a short time, grew this co, into a enterprise that anyone should respect.
The bad news, for Amzn is No1, I don't think that Beros, had any idea that close behind, there would be a technology, that even a simple minded Aol idiot, could click on, and find the cheapest book in America.
No2, While building Amzn, I'm sure he has, an idea, to take something more profitable, and take it on the Internet.
If he does! , and gets it right, go from puts to calls in a second.
Wall Streets fascination and feeding frenzy, is understood if you truly believe in the loss-leader philosophy? But it has to come back to bus101, sooner or later, you HAVE to make a profit!
Why?? Because over a period of time, America will only reward, those who can pull it off (profits, I mean).
Everyone, have a nice weekend. |
