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Strategies & Market Trends : Buffettology

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To: James Clarke who wrote (919)1/4/1999 10:41:00 AM
From: Robert Douglas  Read Replies (2) of 4691
 
Jim,

I'm trying to muster the courage to join you on your Amazon short. Unfortunately, I use them quite a bit. My rational for this has always been the time involved to go and buy a book. My office is only a three minute walk away from a Borders book store. To walk there and back, 6 minutes, to locate and purchase the book would be another 9 minutes. This is a quarter-hour of my time, which even in my more humble moments, I would value in excess of $50/ hour. So unless I need the book immediately, I buy it online. In support of you, however, I shall use Barnes and Nobel in the future.<g>

**OT** Jim, you wrote:

This sounds like a book I must read, because it seems to have a lot in common with the work I do on competitive dynamics of industries.

I must remember to follow up on this statement. It sounds a lot like what I try to do in analyzing competition. I think competition will take its toll on Amazon and all this talk about it becoming some online retailing gorilla is just an inflated stock price looking for justification.

-Robert
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