Originally Posted by fjtorres
Here: https://www.mobileread.com/forums/sho...d.php?t=190528
From the source, Jeff Bezos answers you:
Translation, Amazon makes its money in small chunks over a long period of time rather than big chunks up-front. It's long-tail thinking applied to their entire company.
So, the people that value amazon stock have to value them more as bonds or munis rather than short-term day-trader investments. And at a time of effective negative interest rates on bonds, Amazon's slow but steady approach obviously appeals to enough people to bid up their stock.
As Bezos says, its not a matter of a right way or a wrong way; just people liking *their* way. Whether it be consumers or investors. It is what it is and it is not going to change soon. |