2018-7-16 05:30 |
Photo:
Wang Ying/Zuma Press
By
Andy Kessler
Andy Kessler
The Wall Street Journal
Biography
@andykessler
July 15, 2018 2:52 p.m.
Apple hopes to make it up in services, but Google leads in maps,
Netflix
in video, and Uber in transportation.
Amazon’s biggest benefit, and problem, is its hall pass from Wall Street.
Eventually Wall Street will demand high margins after years of investment.
You should buy a company’s stock when everything is going wrong and you can figure out what might go right.