Thursday, August 2, 2012

Amazon.com and the Future

Headline seen today (02012.08.02) at Motley Fool: "The Danger of Investing in the Future". Initially, I wasn't going to read the posting because I've already learned about the "danger" of investing in the future, but I changed my mind and read it. For the most part it was noise, but I did want to comment on the following statement written about Amazon.com's CEO/founder: "Jeff Bezos has generally done a good job of making the future fit his vision." A "good" job? Tough grader. I give Bezos an A+.

AMZN closed yesterday (02012.08.01) at $232.09. 52-week range: $166.97 - $246.71. Note: the 52-week high is also the all-time high.

AMZN closed at $1.73 (adjusted for splits) on its first day of trading on 16 May 01997. In other words, in the span of 15 years AMZN has increased approximately 13,315.6%. {Chart}

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