At Amazon’s annual shareholder meeting last week, Amazon CEO Andy Jassy shrugged off a question about the company’s falling share price with a Wall Street adage.
“In the short term, the stock market tends to be a voting machine,” he said, “and in the long term, it tends to be a weighing machine.” Translation: Public opinion might affect a stock’s performance day to day, but over time, the value of a share reflects the financial heft of the company behind it.
In Amazon’s case, it’s also another way of saying, “We’ll be just fine, thank you.” Jassy secured a nearly $213 million compensation package during that shareholder
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