Summer is here and winter is coming only on the TV screen. After my morning reading and research on the markets, an interesting article and theme caught my eye. The idea of bizarro capitalism, due to free cash (low-interest rates) companies are working hard to reduce the cost of capital, but in doing so, the profit margins are disappearing. During the last decade, I have seen companies exploit technology to reduce labor costs. These companies have massive scale, massive sales growth, but insignificant profits. ($AMZN)
