Should You Hold Amazon.com (AMZN) for the Long-Term?

VGI Partners Global Investments Limited, an investment management company, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. The firm returned 19.7%1 at an average net exposure of 72% for the six months ended June 30, 2023. Since the start of 2023, global market indices have recovered, with the MSCI World Index increasing +14% to 30 June 2023, the S&P 500 rising +16%, and the technology-focused NASDAQ Composite increasing +32% for the same period....