News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
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“I’m confident that this company that has never made money will make money someday, so I’m going to pay $30 a share for it” still sounds like it’s imaginary money to me.
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No, it’s called expected value. Amazon never made a profit for decades until it did.
Bezos opened Amazon in 1994, took it public in '97 and in 2003 it earned its first full-year profit. So 9 years to be exact.
source and source
I mean the fact that it didn’t have a profit for many years after that. Until 2017 it was essentially 0 profit because Bezos kept reinvesting the money back into the business