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Ep. 834: Karim Lakhani and Marco Iansiti Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The History of Amazon

When Amazon was built, it wasn't built to do this originally. A guy with a website is not a digital operating model. It's just a traditional company with a traditional warehouse and a bunch of books in inventory that has a web-based interface. That Amazon today will do many of the same things that traditionally Walmart would have done are completely different from what they're doing now. The insight is that both Walmart's view as a store owner and a retailer is very different from Amazon's view of them as an integrated software company.

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