Whitney Tilson’s email to investors discussing how Amazon wove itself into the life of an American city; thousands protest Amazon; PayPal’s scam, charging customers an unnecessary 2.9% fee; The seven ways getting rich increases your odds of divorce.
1) As I took the train to Baltimore this morning (I spend a day or two here each week at our corporate partner Stansberry Research’s headquarters), I read this in-depth article – which uses this city as a case study – about “how Amazon (AMZN) may now reach into Americans’ daily existence in more ways than any corporation in history.” It’s sort of scary – but makes me even more bullish on the stock… Prime Mover: How Amazon Wove Itself Into the Life of an American City. Excerpt: