The “Amazon Effect” usually refers to the way Amazon completely disrupted the retail market. It pushed some bricks-and -mortar competitors out of business and knocked others off their feet for a bit until they could regain their bearings in a changed world. It didn’t matter if a company competed directly against Amazon or not. By […]
Amazon
Amazon at $1,000…What A Trip…
Amazon is the steamroller of today’s economy. When it enters a new sector – watch out – competitors may not be there tomorrow. Amazon went public 20 years ago and already the stock is up to over $1,000 a share. A $10,000 investment in Amazon 20 years ago is worth nearly $5 million today. Many […]
The 2-Minute Thought: The wrong way to think about money
The right way to think about money is to focus on opportunity costs. That’s how Duke University behavioral economist Dan Ariely opened an interview late last year. That means that we should think clearly about all the possible alternatives we are giving up as a result of spending money on something. Of course that is […]
