🚀📦 One of the core assets worth holding for the long term in the next decade: $Amazon(AMZN.US)'s moat is deeper than you think. If there's only one word to describe $Amazon(AMZN.US)'s long-term competitiveness, it's not "e-commerce," but "infrastructure-ization." What Amazon truly finds difficult to replicate is never the products themselves, but its globally deployed logistics network and last-mile fulfillment system. Years of sustained, high-intensity capital expenditure have resulted in faster delivery speeds, lower unit costs, and a positive feedback loop that strengthens as scale increases. This advantage cannot be caught up with through short-term investment...