《The Super Investors Are Buying BIG.》
亚马逊的AI驱动增长证明了其高额支出和债务的合理性，但负自由现金流和不断上升的杠杆使得看涨和看跌立场都合理。
Baupost将其亚马逊持仓增加了20%，该持仓目前位于其投资组合的顶部，占比达16%。因此，它在该头号位置上表现强劲。
Baupost added 20% to their Amazon stake, which is right at the top of their portfolio, now occupying 16%. So, it is ripping clear in that number one spot.
但有趣的是，本季度我还想指出，我们上季度提到的买入亚马逊的Bill Ackman，实际上已经减持了。他将其亚马逊持仓减少了25%。
But, interestingly this quarter, I also want to point out that Bill Ackman, who we spoke about last quarter for buying Amazon, well, he's actually pulled back. He's reduced his Amazon stake by 25%.
所以，信号令人困惑。到底发生了什么？一个在买，一个在卖。嗯，事实是他们可能都是对的。
So, confusing signals. What the hell is going on? One buying, one selling. Well, the truth is they both might be right.