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Technology Stocks : ASML Holding NV
ASML 176.34-0.1%Oct 17 5:20 PM EDTNews

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To: BeenRetired who wrote (4367)10/4/2017 1:55:18 PM
From: zzpat   of 4490
 
Fascinating.

In a roundabout way, the article explains why Buffet sold so much of his IBM stock. AWS did what he thought IBM would do. Six years of investments in IBM and six years of losses because AWS is better.

There are any flaws in the article, but still very interesting. WMT's e-commerce grew because it acquired companies not because it was able to do it internally. The CEO was simply incapable of putting together a team who could do the job so he bought up companies (one in particular) that did the hard work for him. I found that section to be the weakest.

There is significant data suggesting that adding more information doesn't improve performance past a certain point. HFT is a perfect example of adding more information and not getting better results. Learning when information overload isn't adding value seems to be the hard part. By the time it's found, it's already too late since the money has already been spent.

In the end, it comes down to WMT being able to use AI to its advantage. The CEO knows AI and e-commerce are the future so he gets points for learning (not knowing) the obvious. Moving a company that's around 50 years old into the future is not an easy task but he might be able to do it as long as he doesn't think he can actually do it - he needs the OneOps team to do it for him.
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