An interview from 1999: “How do you view that phenomenon that Amazon is worth more than Sears?”

this has strong “but Tesla is worth more than Toyota” vibes

Ford, GM, VW, Chrysler...........Tesla "cough" "cough"

Stock also fell 90% off its highs in 2000. The fact of the matter is- the price has to make sense. There are so many of these that come to mind in 2023. Great companies that will shape the future. Would rather catch them at the bottom.

@DivesTech “Sell every book in the world” is only meaningful IF you assume that Amazon is *only* a BOOK company…………… (and Tesla will never sell as many cars as Toyota, right????)

This type of disruption is happening right now... Replace Sears with GM Replace Amazon with Tesla

First day of business school in 1998 my finance professor says he wants to short Amazon Clown 😉

And they were right….

Wow predicted the future

It’s a cash flow world, not an earnings world. If there is one thing I wish I had learned earlier, this would be it.