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Jeff Bezos's Net Worth Just Broke $100B

bloomberg.com

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Re: Jeff Bezos's Net Worth Just Broke $100B

#41

Post by dforrestwilson »

paulpauper wrote: post #8
justboxing wrote: post #5

AMZN, the stock, is trading at a P.E. Ratio of nearly 300. http://finance.google.com/finance?q=NASDAQ%3AAMZN Serious question: Considering that it nearly doubled over the past year, is it already too late to buy Amazon stock? Or not? What's the upside?

So many people have gotten burned by betting against Amazon because it has a high PE ratio. When you remove the cap-ex , the PE ratio falls dramatically. https://greyenlightenment.com/not-worried-about-tech-bubble-... I think it goes to $2000/share soon (as in a few years). disclosure: long amazon

The quote in that article disparaging MBAs is funny, because Amazon famously prefers lots of MBAs.

Re: Jeff Bezos's Net Worth Just Broke $100B

#43

Post by __blockcipher__ »

hidenotslide wrote: post #25
garmaine wrote: post #21

Earlier quoted context omitted.

P/E is not a meaningful metric. The 10x rule of thumb doesn’t work for all companies. For one, not all companies have the same level of infrastructure—Amazon has a lot of warehouse and distribution infrastructure, not to mention all those AWS servers they own, etc. you should properly subtract that out before doing the calculation. Even still Amazon has a crazy high valuation, just not insanely high. Not sure I’d bet…

P/E is a very meaningful metric. It's not that Amazon has infrastructure that matters, it's that they are reinvesting their earnings at a higher rate than other companies. If they returned capital to investors because they didn't have enough potential projects, then the investors would need to decide how to reinvest it. Your comment about reflecting the infrastructure in valuation would lean toward looking at Price/B…

I generally prefer free cash flow yield (fcf / dollar invested), although both PE and FCF can be fucked with depending on how certain expenses are classified. That being said, if I had to choose one of the two, I would go with FCF yield every time.

Re: Jeff Bezos's Net Worth Just Broke $100B

#44

Post by jandrese »

thesagan wrote: post #30
protomok wrote: post #13

Earlier quoted context omitted.

Bill Gates has also given a lot to charity, from the article - 'Gates, 62, who has a net worth of $86.8 billion according to the Bloomberg index, would be worth more than $150 billion if he hadn’t given away almost 700 million Microsoft Corp. shares and $2.9 billion of cash and other assets to charity, according to an analysis of his publicly disclosed giving since 1996.'

Charities that may not have been as necessary under a less concentrated wealth scenario. And he still gets to call the shots with a charity.

For what it is worth, Bill spends a lot in the third world, where a more equitable US would have minimal impact on the standard of living.

Re: Jeff Bezos's Net Worth Just Broke $100B

#45

Post by Robotbeat »

garmaine wrote: post #39
reducesuffering wrote: post #37

Earlier quoted context omitted.

Just because Musk can run both Tesla and SpaceX doesn’t mean Bezos can run Blue Origin and frickin Amazon at the same time. That’s overseeing 500k employees. I think that it’s a safe bet we’ll see a lot more from Blue Origin when Bezos steps down from Amazon.

Probably. I’m more complaining about ambition though. Blue Origin isn’t trying to change the game fundamentally in he way SpaceX is. Regardless o whether they are hitting deliverables, the deliverables aren’t interesting.

Blue Origin has just as ambitious goals as SpaceX. Millions working in space, industrialization of space to the extent that it actually starts reducing industrialization of Earth, etc. They even have a rocket on the drawing board somewhere, New Armstrong, that will likely be a 1-for-1 competitor with BFR, if not larger, and with full reuse (like BFR).

But as far as actual execution, yeah. SpaceX is way ahead and Blue Origin has been incredibly slow. Um, I mean "gradatim."

Re: Jeff Bezos's Net Worth Just Broke $100B

#47

Post by clubmg »

jandrese wrote: post #44
thesagan wrote: post #30

Earlier quoted context omitted.

Charities that may not have been as necessary under a less concentrated wealth scenario. And he still gets to call the shots with a charity.

For what it is worth, Bill spends a lot in the third world, where a more equitable US would have minimal impact on the standard of living.

Meanwhile America looks more and more like a third world country thanks to the billionairs like Besoz and Gates that hog much of the wealth and resources of our country. By hey Amazon Prime and Microsoft 10 are worth it right?

Re: Jeff Bezos's Net Worth Just Broke $100B

#48

Post by amelius »

JAFTEM wrote: post #24

Bezos is an advocate for basic income, but I question his motives. Is it because he is genuinely concerned for others and society, or does he want to avoid the pitchforks at his doorstep when Amazon gets blamed for mass unemployment? Coupled with the fact that he's the richest man on earth, it's very apparent he will have a target on his back if he doesn't already. Maybe his motives don't matter. Maybe we just need t…

Perhaps the reason is that he can win some sympathy, while thinking it will never happen anyway.

Re: Jeff Bezos's Net Worth Just Broke $100B

#50

Post by daxfohl »

justboxing wrote: post #5

AMZN, the stock, is trading at a P.E. Ratio of nearly 300. http://finance.google.com/finance?q=NASDAQ%3AAMZN Serious question: Considering that it nearly doubled over the past year, is it already too late to buy Amazon stock? Or not? What's the upside?

It occurred to me last night that Amazon's next target could well be Google (search). I mean, how much money are they paying to google for ads? I could be wrong but I'd have to imagine they're Google'slargest revenue source now, possibly by a large margin. And they've got the expertise to do it in house. And I'm hearing more and more complaints about google these days. Amazon also seems more disciplined at listening to what users want than google is. I could see them first integrating it tightly with alexa, then calling it alexa.com, adding some spiffy new features and somehow pushing privacy as the number one thing (because they can because they aren't overly dependent on ad revenue, and because an amazon account seems more tangible than a google account (how many do I have) because they started in commerce and have your credit card and never tried to start a social network), then boom goodbye google.
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