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EP 335. Investing in Alibaba, Geoff’s Hot Take On AMZN, Tech Stocks, Groupthink, & Much More

Focused Compounding

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Amazon Web Services Is a Good Business

Amazon has been going in the wrong direction for years, worsening competition and all that stuff. It may be that's a shift from certain businesses that look good in reported earnings to businesses that don't. While having rapid, assid growth, which is like the number one thing we avoid, is competitionis gettng worse. Acid growth is really high. You don't want it vess tat normally. Um, but on the other hand, price is good and growth is good. And so it would be projected that it would create value even at these levels,. If it just stayed at this level, or the level that would be worse in a year... Even if it stayed

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