Motley Fool Money Amazon Up, Walgreens, Nike & McPlant Down
Jun 28, 2024
Nicola Twilley, author of 'Frostbite' and host of the Gastropod podcast, joins the discussion to explore the fascinating history of refrigeration. She delves into how this technology transformed food preservation and public health, revealing the initial skepticism and societal fears surrounding cold storage. Twilley draws connections to today’s technological advancements, emphasizing the importance of understanding history in shaping public perception. The conversation also touches on Amazon’s rise to a $2 trillion valuation and the retail struggles faced by Walgreens and Nike.
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Episode notes
Investing During Elections
- Focus on long-term investing, as markets often react emotionally to short-term events like elections.
- Remember that the US economy has historically performed well under various administrations.
Market as Voting Machine vs. Weighing Machine
- While the short-term market reacts like a voting machine, the long-term market behaves like a weighing machine.
- This election cycle presents more uncertainty and potential outcomes than previously seen.
Amazon's Success Story
- Amazon's $2 trillion valuation translates to roughly $8,700 per Prime member.
- Its diverse revenue streams, including advertising and AWS, indicate a successful transition.
