Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Modern Magic

June 26, 2000February 15, 2017

10:03 am — I click on to www.urbanfetch.com.

10:07 am — I click SEND.

10:57 am — Doorbell rings.

To wit: six fresh bagels, a quarter pound of smoked salmon, a quart of milk, a pint of Ben & Jerry’s cherry Garcia frozen yogurt. Plus, if I had wanted it, shaving cream, the newspaper, a movie rental to watch tonight, a book or CD, a new telephone answering machine — tons of stuff.

Free delivery within an hour, 24 hours a day, 365 days a year. No tipping allowed.

The implications are . . . staggering.

I may never leave the house again.

(It’s only in New York and London so far — mostly by bike in New York and motorcycle in London. Privately held.)

Amazon Update:

This past December, with Amazon trading near its $113 all-time high, J.P. Morgan Securities initiated coverage with a “buy” rating. Twelve-month target: $160. Friday, Amazon closed at $33 and change. There is the natural temptation to buy it. It’s a great brand; it delights its customers with good service; and the stock is on sale at 70% off the price J.P. Morgan thought was already cheap. Buying it here may prove wise. Certainly wiser than at $113. But note that, at 33 and change, Amazon is still being valued at $12 billion, which in the old days was considered a lot of money. Even today, that’s 33% more than the valuation of Federal Express, which, like Amazon has a great brand name and can be expected to share in the e-commerce boom — and unlike Amazon, actually makes a profit. (A large one, in fact.) I am no longer short Amazon. There is a chance it has a lot further to fall — if it fell by another two-thirds, it would still be valued at more than the country’s largest airline. But there’s also a chance that 10 years from now it could actually be worth what J.P. Morgan predicted for six months from now. And I wish it well.

Post navigation

← Zeke and Josiah
Copenhagen and Copyrights II →

Quote of the Day

"Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks. --Karl Marx Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed. -- Gandhi"

Gandhi

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Save Money: Give Me $100

    March 3, 2026
  • Two Things Can Be True At The Same Time

    March 2, 2026
  • Operation Epstein Fury

    February 28, 2026
  • Of Freedom And Pedophilia

    February 28, 2026
  • The Intelligence Explosion

    February 26, 2026
  • Bursting With Things To Share . . .

    February 26, 2026
  • Defying Putin's Puppet

    February 23, 2026
  • Whither Bitcoin?

    February 23, 2026
  • Woulda Shoulda -- But Still Can, Must, And Will

    February 22, 2026
  • In Further Defiance

    February 21, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams