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Jeff Bezos Says a Company's Stock Price Doesn't Always Reflect the Business, a Lesson From Amazon's Dot-Com Crash That Investors Can Apply Today
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The Motley Fool
Investors understand that the shares they hold are stakes in that underlying company's success or failure.
Nevertheless, investors also understand that the company's success or failure -- or potential -- isn't always reflected in that stock's price.
That's something Amazon (AMZN +1.21%) founder Jeff Bezos was forced to accept early on.
The fundamentals of the business can be disconnected... the stock price is [only] an output that you actually have very little control over."
He's even said in the past that lucky timing and unexpected developments can play a big role in a young company's success or failure.