Your Migraine Is My Opportunity
"Your margin is my opportunity," Amazon (NASDAQ: AMZN) CEO Jeff Bezos once famously said.
Bezos was talking about the markups that fueled Amazon's rivals -- to their detriment. Amazon foes and their allegiance to trendy performance metrics led them to make short-term decisions that neglected the long-term opportunities.
As investors, we often make the mistake of viewing the market the way Amazon's competitors do. We follow what's fashionable now instead of what will trend in the future. Sector rotation is part of this herd mentality, and we're seeing it happen now as the market stampedes out of "stay-at-home" stocks following encouraging vaccine news.
Source Fool.com
