Michael Moritz, who backed Google and PayPal, explains that most investors fail because they can't resist acting on short-term market moves, which interrupts the compounding growth of investments. He highlights Amazon as an example, noting that its stock often trades below all-time highs, tempting investors to sell prematurely despite strong long-term business growth. Moritz emphasizes that disciplined patience, focusing on a company's fundamentals rather than stock price fluctuations, is key to building wealth. Amazon's current heavy investment in AI and infrastructure tests this patience but promises long-term returns for those who hold on.
Amazon's stock on Pluang trades at USD 262.43 as of Oct 12, 2026 03:11 WIB, which is below its 52-week high of USD 284.02 but well above its 52-week low of USD 198.79. The stock gained 3.29% in the last day, showing some short-term momentum despite the long-term focus highlighted by Michael Moritz. Investors on Pluang typically hold Amazon shares for about 127 days, reflecting a moderate-term investment horizon that contrasts with the impatience Moritz warns against.
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