Can Amazon Keep Defying Warren Buffett’s Mantra?
Amazon has beaten or knocked out nearly every heavyweight retail contender.
Those still in the bookstore business (R.I.P. Borders) keep getting uppercuts to the chin. Investors in Amazon’s stock have made a fortune. In the past 10 years, shareholders have gained nearly 720 percent.
Yet the company stands on wobbly legs. That might sound crazy.
Amazon sells a lot of stuff. But it barely makes money.
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