Active Trading

Many investors are looking for the next Amazon. The truth is that there won’t be another Amazon in the near future. Amazon famously started as an online bookseller and grew to a global powerhouse. Jeff Bezos, who recently retired as CEO, saw opportunities everywhere he looked. One example is the story about how Amazon Web Services became a multibillion-dollar division by accident. A popular story is that Amazon needed to size its business for the rush of the Christmas shopping season. Realizing they had excess server and processing capacity for the other 11 months led to renting out servers through… Read More

Many investors are looking for the next Amazon. The truth is that there won’t be another Amazon in the near future. Amazon famously started as an online bookseller and grew to a global powerhouse. Jeff Bezos, who recently retired as CEO, saw opportunities everywhere he looked. One example is the story about how Amazon Web Services became a multibillion-dollar division by accident. A popular story is that Amazon needed to size its business for the rush of the Christmas shopping season. Realizing they had excess server and processing capacity for the other 11 months led to renting out servers through AWS. Now, that’s not really how it happened. The truth is that it grew from an initiative to improve the company’s infrastructure. But Bezos saw the possibility of new business and allocated the resources the division needed to grow. Amazon Prime began as an effort to boost customer loyalty. Amazon created Alexa to help consumers order more products. Amazon bought Whole Foods to help get products to consumers faster. There are other innovations, and all are designed to support the core business. The reason I don’t expect another Amazon in the near future is because it will take decades to… Read More