Forbes richest big cheese, Jeff Bezos, recently divorced his wife of 25 years in what could be the most costly divorce settlement of our time.
And prominent short seller Doug Kass, a self-proclaimed anti-Cramer and CNBC reject, made a controversial sell off of Amazon right after the news.
I suspect his move is just one of many that could affect you as an investor (and as an online shopper).
After all, a divorce often destabilizes a person’s image. Jeff Bezo’s lewd pictures with Lauren Sanchez don’t help either. And Bezo’s said, in response to Sears bankruptcy:
“Amazon is going to fail. Amazon will go bankrupt.” He continued, “if you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.”
It’s hard to tell what will finally cause Amazon to fall, including the tough break we had in 2018 when even Bezos lost a record $19.2 billion dollars in 2 days.
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