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Jeff Bezos's Net Worth Just Broke $100B

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

#31

Post by reducesuffering »

nazz wrote: post #29
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…

What is big N?

Big 4, Big 5, or however many big tech co’s you want to include. Google/Amazon/Facebook/Apple/Microsoft

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

#32

Post by IkmoIkmo »

skrause wrote: post #7
tzm wrote: post #2

> Bill Gates was last person to attain 12-figure fortune in 1999 $100B nearly 20 years ago, just before the federal antitrust case decision against Microsoft. Makes me wonder how much concentration of wealth would occur if regulation was not in place.

I don't think this has a lot to do with the antitrust case. His wealth simply peaked at the height of the dotcom bubble and then went down again because of the stock market crash in 2000.

It doesn't have to do with either.

Microsoft stock is worth more now than it was in 1999, and that's without factoring in dividends. e.g. this year it paid out $12b in dividends. Today's dividends are part of its valuation today, but dividends paid out ten years ago is just cash that's gone out of the company to an owner, reducing the value of the company, and isn't really part of today's valuations.

That is to say, he'd have received billions in dividend payments for two decades and he'd still own the same share of the company that's now worth more than it was in 1999.

The reason he isn't as rich is because of charity.

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

#33

Post by [deleted] »

nazz wrote: post #29
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…

What is big N?

[deleted]

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

#34

Post by [deleted] »

nazz wrote: post #29
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…

What is big N?

[deleted]

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

#35

Post by y_u_no_rust »

alexasmyths wrote: post #26
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…

It would take way more than 300 years of profits at the current level to justify the stock price. That's crazy high. Even if AMZN could 10x their earnings overnight by stopping expansion or something, they'd still have a 30x - meaning way more than 30 years of future profits at this level. Either that, or they'd still have to grow that much. Stocks are in a clear bubble. Snap, AMZN, Tesla, and also BTC are stupid, an…

> Snap, AMZN, Tesla, and also BTC

Of those four I can only see AMZN and likely Tesla lasting the next 10-20

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

#36

Post by cirgue »

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…

UBI is an enormous boon to anyone who's business is directly sensitive to consumer's disposable/discretionary income. Bezos is the textbook definition of such an actor.

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

#37

Post by reducesuffering »

garmaine wrote: post #22
jacobush wrote: post #11

Not spending nearly enough on rockets.

I too am disappointed about this. Elon Musk is a scrappy bootstrapper by comparison. Blue Origin could be reaching so much further than they currently are...

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.

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

#39

Post by garmaine »

reducesuffering wrote: post #37
garmaine wrote: post #22

Earlier quoted context omitted.

I too am disappointed about this. Elon Musk is a scrappy bootstrapper by comparison. Blue Origin could be reaching so much further than they currently are...

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.

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

#40

Post by arkis22 »

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?

I personally believe in Amazon, but their metrics are indeed obscene. I don't own any stock, and won't buy any until it pulls back at least 10%, and even then I'd be analyzing why it fell the 10%.

The fact is it is rarely too late to invest in a company if you do it prudently. The difference is Amazon being your portfolio - and being part of your portfolio.

Given its obscene metrics you shouldn't allocate a large percentage of your wealth in it. A good proxy would be index funds. You should really only have more of your wealth in Amazon than what would be allocated to it from something like an sp500 index fund if:

1. you are wealthy enough to take the risk

2. you are smarter than everyone else and know AMZN is a great stock

By the way, chances are you aren't smarter.

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