An Amazon share of stock will run you about $750 bucks a pop. At that price the company is now the fifth largest company in the world.
Drop kicked out of the 5th slot was Berkshire Hathaway, a company lead by shrewd old Warren Buffet, a man who made a fortune by buying valuable stuff well below its value then selling it at a premium. What a silly American pastime businessmen used to play, yes?
Ironic then, isn’t it, that Buffet is being kicked off the podium by a company that slashes away all premium associated with a brand or good? A company, like Amazon, that is rapidly decaying the margin associated with retail?
Bezos is probably sitting at his giant Dr. Evil table right now, having a rousing laugh about this happening on his ‘Prime Day’ holiday.
