> CEOs can resist short-term investor pressures and Bezos clearly falls into this category
Amazon's P/E is currently 503. The P/E for the S&P 500 is around 19. The "investor pressures" are strongly supporting Bezos.
I'm one of them. I'm long on AMZN, with my own money on the line, and it's done well for me. I plan on staying pat.
Whether I'm right or wrong about AMZN's future is irrelevant - what is relevant is that a high P/E is a sure sign of investors betting on the long term future of a company, and not being obsessed with the next quarter. The CEO doesn't set the P/E, the investors do.
Amazon's P/E is currently 503. The P/E for the S&P 500 is around 19. The "investor pressures" are strongly supporting Bezos.
I'm one of them. I'm long on AMZN, with my own money on the line, and it's done well for me. I plan on staying pat.
Whether I'm right or wrong about AMZN's future is irrelevant - what is relevant is that a high P/E is a sure sign of investors betting on the long term future of a company, and not being obsessed with the next quarter. The CEO doesn't set the P/E, the investors do.