Dear fellow investors, Q4 2021 hedge fund letters, conferences and more We were watching CNBC recently and an analyst mentioned what practically nobody besides us has said. She called Amazon.com, Inc. (NASDAQ:AMZN)’s entry into the grocery business a “failed experiment.” Amazon has been very successful with its Prime subscription model in other areas. Why do experiments usually fail, even among companies which have made other experiments succeed? As the stock market grieves the mass destruction of capital in the early stages of the tech/growth bear market, let’s delve into this very important …