Amazon Stock’s Exceptional Price History Meets Value Investing

The stock price history of Amazon stock is truly an amazing sight to behold. Shares of AMZN, which traded at $42 as recently as 2008, have compounded at an eye-popping 43% annualized over the past nine years to turn every $10,000 invested into $190,000. Jeff Bezos has followed Warren Buffett’s advice and filled Amazon’s pre-existing moat with alligators, piranhas, and spiked fences awaiting on the other side. Heck, they’re even securing patents for Star Wars-type processing centers that hover above the atmosphere.

And yet, if you are a student of the value investing espoused by Benjamin Graham, you can’t help but notice one fundamental fact about Amazon that makes it exceedingly difficult … Read the rest of this article!