In the video, Austin Smith asks Jeremy Phillips about his purchase of Amazon.com (AMZN 1.47%). As the Fool's chief technology officer, Jeremy gets to see all the Fool's premium services, but he follows Supernova closely and tends to invest based on its advice.
Jeremy sees Amazon becoming more like a retail giant such as Wal-Mart (WMT +1.47%), but with the benefit of unlimited shelf space and wider product variety. Amazon is also feeling the benefit of recurring revenue, as customers shift more toward online shopping for everything from rice to TV sets.
Austin agrees that Amazon is a good company for long-term-focused, forward-looking investors.
