In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Bezos is leaving as Amazon generates incredible amounts of cash. For instance, Amazon (AMZN) reported a quarterly operating cash flow of $30.431 billion on December 31, 2020. Additionally, Amazon reported a quarterly ending cash flow of $12.175 billion on the same day.
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Amazon CEO Jeff Bezos was worth $129.9 billion on 15 February 2020, Forbes estimates. Consequently, Bezos is the world’s richest man
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A 100 megawatt plant could generate enough electricity to power a city of 100,000 people. Hence, General Fusion’s demonstration plant could theoretically power Boulder, Colorado. Boulder had a population of 107,125 people in 2017.
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Read nonfiction books. When you read for pleasure read non fiction. To make it easier to read begin with areas of knowledge you enjoy. Importantly, Gates posts lists of nonfiction books he reads at his Gates Notes blog.
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To explain, Commonwealth Fusion Systems (CFS) appears on a list of companies Gates’ hedge fund Breakthrough Energy Ventures (BEV) is investing in, Quartz reveals. Importantly, Commonwealth claims it can commercialize hot nuclear fusion within 15 years.
The first goal at CFS is to build a tokamak fusion reactor capable of generating 100 Megawatts (MW) of electricity, a press release reveals. In detail, 100 MW is enough juice to power a city of 100,000 people or the size of Boulder, Colorado.
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Netflix loses money like crazy but it has built up a global platform for delivery of digital products. A danger is that Netflix might start selling products like video games, software, insurance, or financial services in addition to video entertainment. Another is that Netflix might team up with a retailer to start selling goods through its platform. A grave danger for Amazon would be Walmart or Alibaba buying Netflix and offering a Prime type delivery and entertainment option through it.
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The real basis of Amazon’s success is the infrastructure Jeff Bezos has created. Its Amazon Web Services division, which operates data centers for other companies and the government, reported a net profit of $79 million in October 2015. Amazon ensures package delivery, with 104 fulfillment centers in North America alone. Chain Store Age reported that Amazon’s fulfillment center network is 10 times those of its competitors. The company also operates 69 centers outside North America. While other retailers created websites, Bezos built up the infrastructure that gets the packages to the customers. Build the infrastructure before you market the products.
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Like other category killers such as Bed, Bath & Beyond (NASDAQ: BBY) and Toys R Us, Barnes & Noble is struggling to simply survive in today’s retail environment. To do that, the company has to provide both deep discounts and a really fun shopping experience to customers.
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That gave Alibaba a quarterly year to year revenue growth rate of 38.39%, over twice that of Amazon.com, which reported a revenue growth rate of 15.08% on March 31, 2015. Alibaba’s growth rate also far exceeded that of eBay Inc. (NASDAQ: EBAY), which reported a rate of 4.36% on March 31, 2015, Best Buy NYSE: BBY), which reported a revenue growth rate of 2.82% on January 31, 2015, and Staples (NASDAQ: SPLS), which reported a negative revenue growth rate of -3.69% on Jan. 31, 2015.
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A very dark horse contender for an eBay acquisition would be Berkshire Hathaway (NYSE: BERK.B). Uncle Warren is famously technology adverse, but eBay does meet some of his criteria: it’s a good company with a strong brand that’s well respected on Main Street but undervalued by the market. It also has a business model that generates a lot of float and cash—two of Buffett’s favorite things.
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