Most of you know that I’m hanging out in Bellevue right now, the land of Amazon and Microsoft (there’s a pretty fierce bidding war going on for Slope right now, and I’m weighing offers in the vicinity of eight hundred dollars, plus a box of my choice of office supplies, which is bundled with the Amazon term sheet). It’s pretty amazing how swiftly the likes of Amazon have lost value; the chart below doesn’t even capture today’s debacle, but Bezos & Company have seen over a quarter of the value of their organization (many tens of billions of dollars in former “wealth”) blown straight to hell. I think there’s plenty more to come. This is my kind of market.
