Ted Bauman is known by some as a guru in the financial world. He has been writing for Banyan Hill Publishing since 2013 giving the everyday man advice on how to make good choices for their financial future. He shares his expertise in The Plan B Club, Alpha Stock Alert and The Bauman Letter. Throughout his career, he has worked with multiple non-profits in South Africa as an executive. One of the areas that he specialized in low-income housing through organizations like Slum Dwellers International. This organization has helped millions of people.
Recently, Ted Bauman spoke about Amazon and his opinions on whether or not they are Monopoly. While some insist that they are, he does not believe that this is the case with the company. Steve Jobs, the late founder of Apple, used to be considered the king of the tech world until his passing. Jeff Bezos of Amazon appears to have taken over this position with his company that is now the 4th highest valued company on the NYSE.
While Amazon may be dominating the online retail industry, their reach extends to other areas such as cloud computing. Currently, they pull in revenue of around $170 billion a year. While the company appears to be going strong, Ted Bauman warns investors that they still have their fair share of vulnerabilities that need to be considered.
Ted Bauman believes that Amazon is akin to what the Sears catalog used to be. Jeff Bezos, like Sears, knows that location and convenience are important and people enjoy not having to leave their homes in order to purchase the items that they need. They may control about half of online retail, but their sales still don’t compare to physical retail chains such as Kroger or Wal-Mart which makes it difficult to label them as a monopoly. Though some experts insist that online sales at Amazon are cutting into traditional types of sales, Ted Bauman doesn’t believe that this is true. While Amazon may be able to ship quickly, people still enjoy being able to buy things straight from the shelves.