Note added 8.11.10: Most of the letters in this series have worn well, in that I am willing to stand by the opinions they express. In the present case, however, I should recognise that Gove's romanticism did not lead him astray. In the second half of 1998 he could have bought Amazon shares for less than $20; today's range brackets $170. He would have had a rough ride (the shares were $5.50 in October 2001) and he would have received no dividends; but the company is flourishing and has changed our lives.
15.2.11