To be clear, in no way am I saying Wall Street is “wise” in their valuing of Amazon. I think Amazon is “wise” in their handling of Wall Street. Which sounds nefarious in a way, so let’s instead say that Amazon is “masterful” at playing this game right now.

While it’s perhaps true that the stock hasn’t always been on the up-and-up (it obviously got slammed post-Bubble — as did everything), I truly believe Jeff Bezos is a genius in his long-term handling of the stock by balancing short-term expectations versus the promise of the future.

Written by

General Partner @ GV (née Google Ventures). In past lives I wrote at TechCrunch, VentureBeat, and ParisLemon. A man of few words. Except when writing. 🍻

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