Dec. 14 at 1:22 AM
. @Cash4freedom asked why
$AMZN is my largest holding. No one ever asks me those types of things, so I’m so glad she did!
Amazon is my largest position because it is three juggernauts hiding in plain sight. They are dramatically part of everyday life (real and digital), show no signs of slowing down over my investment horizon, and cannot be killed. The order matters:
1. AWS +
$200B backlog, it’s the profit engine and carries 40% of the worlds internet traffic.
2.
$70B ad business @ 60% margins, it’s the growth engine.
3. Unrivaled logistics as a service at scale. It’s a toll road for commerce. Competitors can't afford the CAPEX to build it, and 60% of sellers pay Amazon to use it.
Most people stare at the 'store' while the cloud and ad businesses print the cash. It’s the safest 'offense' on the board and it’s the cheapest of the Mag 7. For me, equals easy size.
