If he had shares of Amazon, Dr. Stern would sell them now. Amazon is a system-relevant platform with a public character that exploits a monopoly situation to its own advantage. Governments will not stand by and watch this for much longer. A public place must be regulated in the public interest. As soon as this happens, it will become clear to the financial market that Amazon's high share prices are far from justifiable. The current market value reflects the hope for monopoly profits in the future. This is unlikely, as he explains in the podcast. A warning on this: If you don't have any shares of Amazon, you should not short sell or buy put options now, because it is impossible to know the time of the price drop today. But it will certainly come to that.
October 16, 2020