A great 1 on 1 with Stanley Druckenmiller
I found this interview with Stanley Druckenmiller very interesting. He brings up some good points regarding the investing mentality of big investment houses as well as the direction he sees the world going. Stanly also has some comments about the how the Fed handled the 2008 crash and the bubbles that are forming because of policy now.
On AMZN… IMHO, people who focus on P&L profits should take a look at the evolution of some # in the Cash Flow Statement…
My 2cts.
LPG
Nothing in Amazons financials impress me. I have been wrong about amazon for more than two years and will probably continue to be wrong. Don’t get me wrong I buy stuff from amazon and am not against them as a company they just scare the crap out of me as an investment. It just keeps going higher and higher and the charts just keeps looking scarier and scarier to me. I hate charts that look like that.
Totally agree–NFLX, AMZN, TSLA, FB, AAPL, GOOG–scary charts all.
These online merchants must be going broke. I recently bought a computer cable for $1 from China (via Aliexpress) with free shipping via China Post. So they made the item, shipped it, sent it to NZ and it was then couriered from Auckland right to my door where I signed for it. Total cost to me of $1. The normal courier fees here in NZ are about $7. This is just crazy. Somebody is losing a lot of money but it isn’t me. Amazon must be the same with a lot of direct from China items coming through it now.
We now buy pretty much everything on line.But then again our remote location has a lot to do with that!
The big question I have is are they selling things at a loss in order to put the brick and mortar places out of business? If so, how long can they keep it up? Why would I pay for gas and drive to Walmart if I can get items couriered to my door for a lower price? Who is paying the shipping costs when it is not reflected in the price? Are grocery stores next?
Whether you think it is good or not, I don’t see how this can continue.
Why would you go to Wal mart?!?!
Why, for the social experience, of course!!! LOL
interesting interview but cant wrap my head around his support for Netflix and Amazon. I get his argument for it but don’t agree with the logic as your R&D needs to result in profit at some point and their evaluations already suggest the massive profits are in the bank and they are not and there is no sign of them either.