Boardroom Talk: Closer look at Spotify reminds Alec of our portfolio’s star Amazon in December 2014

In 2014 when we started the BizNews Share Portfolio, popular opinion was ignored and the model portfolio acquired a chunk of shares in Jeff Bezos's juggernaut called Amazon. Intuition was informed by my own experience with Internet businesses – and an inkling that embryonic "cloud computing", which I'd heard about in Davos, could be the next big thing.

That decision on Amazon more than any other, turned the BizNews portfolio into a super generator of wealth for those in our tribe who used it as a guide for their own investments. After a slow start – the share price promptly dropped 10% in the month that followed – Amazon steamrollered all before it, adding massive value for shareholders.   

Another stock in our portfolio, global podcasting leader Spotify, looks similar. Having spent most my career focused on broadcasting and the internet, I've become familiar with how business works here. To me, Spotify founder Daniel Ek is a genius in the Steve Jobs mould. Plus the company's latest quarterly results showed its exponential growth continues.

___STEADY_PAYWALL___