Amazon is not the Wal-Mart of the Internet… Yet

Amazon is a case of mysterious and magical realism. I find myself inside a coterie of near certifiable money managers and analysts who believe Amazon is a “creative destruction” operator, hell bent on transforming retailing and book publishing, and likely to emerge as the Wal-Mart of the Internet. The Amazon story is about scale and momentum in general merchandise sales, here and abroad. I don’t care how many Kindles they deliver or their burgeoning downloads in books, music, video games and streaming of films.