Matt Frankel

Right now, their reach is limited to where the internet goes.

It'll let Amazon's customers move data without using the public internet at all, something its competitors can't offer.

It can be a competitive advantage that helps AWS keep or even grow its already leading market share.

It could be a very nice thesis driver, but right for now, it's a nice to have.

Before I give my percentages, as you mentioned, the housing market is pretty terrible right now, and that's weighing on the business for sure.

It isn't just that people aren't moving into new homes and buying furniture for their new home, but people are largely not tapping into their home equity to complete big home purchases.

That's generally talked about with projects like building a new deck and renovating a kitchen.

But it also is a very common source of funding if people want to replace a few rooms worth of furniture.

So, because of interest rates, that's generally not happening right now.

Plus, with the inflationary pressures over the past few years, economic concerns, consumers are generally feeling squeezed, especially when it comes to making nice-to-have purchases, like updating furniture.

Although the company missed estimates,

There's an argument to be made that 4% year-over-year revenue growth in this environment isn't that terrible.

But there are some things not to like about the company.

Its debt levels are high.

I feel like management should be a little more conservative right now when it comes to investing for growth and really trying to innovate in this type of environment.

In all, I would say 70-30 market versus company.

David Gardner You already mentioned my favorite investing book, one up on Wall Street.

The Intelligent Investor is absolutely a great one.

It's by Warren Buffett's mentor, Benjamin Graham, but not great for first-timers, I agree.

But since you already mentioned my favorite, I'll add that one of the best ways to learn as a newer investor is by reading all of Warren Buffett's annual letters to Berkshire Hathaway shareholders.