NBA fans remember Allen Iverson’s infamous “practice” moment like it was yesterday.
The ignominious presser (in which a visibly irritated Iverson explained, in no uncertain terms, how the idea that the league’s most talented player needed to “practice” was patently absurd), marked one of many low points in the peaks-and-valleys-ish career of one of the league’s most controversial figures.
To be sure, Iverson probably didn’t need to practice.
In his prime, he was simply unguardable. While famous for his crossover (which, on one play that’s since been enshrined in the annals of basketball history, even confounded Michael Jordan), Iverson once showed off a move in a Reebok commercial that looked like it walked out of a magic show and that, frankly, no one has been able to truly duplicate since. To wit:
But the problem for Iverson was that as good as he was, he wasn’t the winner that other NBA greats were. Hence the public outcry when he suggested that “practice” was something he needn’t concern himself with.
Well, Bloomberg’s Cameron Crise is one person who remembers all of this and he’s applied it to a quick take on Amazon.
This would be the same Amazon which is about to single-handedly deep-six brick and mortar and which is one of the big five stocks (the others being Apple, Alphabet, Facebook, and Microsoft) that together account for 56% of NDX and 33% of S&P returns YTD.
Of course this would also be the same Amazon (AMZN) which perpetually trades at a stratospheric multiple (to be fair, the company has finally put together a string of consecutive quarters of positive net income).
Read below for more on why, when you’re a “franchise player,” “profits” are as superfluous as “practice.”
Via Bloomberg
