In the video, Austin Smith asks Jeremy Phillips about his purchase of Amazon.com (NASDAQ:AMZN). 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 (NYSE:WMT), 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.
Austin Smith owns shares of Google. Jeremy Phillips owns shares of Google and Amazon.com. The Motley Fool recommends Amazon.com, Google, and Netflix. The Motley Fool owns shares of Amazon.com, Google, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.