The company’s shares are down a bit today, but the company’s stock is taking a much less catastrophic plunge in already-meager profits than Apple, whose stock plunged simply because its Q4 profits increased at an unexpectedly slow rate. That’s because Amazon, as best I can tell, is a charitable organization being run by elements of the investment community for the benefit of consumers. The shareholders put up the equity, and instead of owning a claim on a steady stream of fat profits, they get a claim on a mighty engine of consumer surplus. Amazon sells things to people at prices that seem impossible because it actually is impossible to make money that way.
— Matthew Yglesias, Amazon Profits Fall 45 Percent, Still the Most Amazing Company in the World
30 January 2013, mid-morning
Two days and two posts about my actual life? Let’s rock it like it’s 2005.
January is a busy month for me, filled with birthdays and anniversaries. One birthday of particular note is my baby’s. Well, she’s not a baby anymore: she’s two. She is like me, but small(er) and a girl. She enjoys Pingu, trucks, sucking her thumb, and all sorts of other things. Every month I’m impressed by how much she’s changed and developed, but then the next month she seems to have changed and developed even more. She has become an interesting little person.
Life
