Amazon's Quiet Repricing

Core Insights - The stock of Amazon (NASDAQ: AMZN) has declined by 6% since the last coverage, underperforming the S&P 500's 1.4% drop, despite strong operational execution and resilient fundamentals [1] Group 1: Company Performance - Amazon's earlier thesis highlighted its acceleration in top-line growth, indicating a focus on revenue expansion [1] Group 2: Investment Strategy - The investment methodology emphasizes identifying high-conviction opportunities, focusing on leadership and management analysis, market disruption, financial health, valuation, and portfolio construction [1] - Core positions are allocated 50-70% of the portfolio, with growth bets at 20-40% and speculative investments at 5-10% [1]