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1.Market Observations, 8.Was Sticky

1 June 2017 (TheAge) – Amazon shares hit milestone

(1 June 2017, The Age, BusinessDay, p25, Nick Wingfield, New York Times)

Amazon $1,000‘SEATTLE — On Monday, Amazon.com’s share price briefly crossed the $1,000 mark for the first time in its 20-year history as a publicly traded company. Jeff Bezos, Amazon’s founder and chief executive, has been dismissive of the preoccupation with near-term stock price swings, often quoting the influential investor Benjamin Graham, who said the market is a voting machine in the short run and a weighing machine in the long run. Mr. Bezos has made it clear he wants Amazon to be weighed by investors, not subject to a near-term popularity contest.’

Read more at NYTimes.com

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