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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.
40:31
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Quick takeaways
- Long-term investment strategies overshadow short-term election concerns.
- Amazon's diverse revenue streams drive its valuation growth and position in the market.
Deep dives
Election Effects on Markets and Economy
The upcoming 2024 presidential election raises questions on market predictability and economic performance based on election outcomes. Investors are reminded of the market's resilience under various administrations, emphasizing long-term strategies over short-term voting machine dynamics. Despite election uncertainties, historical data showcases economic prosperity regardless of political leadership, urging investors to maintain a steady outlook amid market fluctuations.
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