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How will Amazon affect Australian retailers

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The following article appeared in Livewire today. I have not posted the whole article, just the key point. Note all results are in 5 years time. We have HVN in our investment portfolio and as you can see the effect is very small on HVN. This all assumes that the retailers do not fight back. There is another article on Livewire today about how BestBuy in the US countered Amazon and their shareprice has risen 4 fold.
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Interview with

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Still on the theme of "Things that don't waste your time" Steve Johnson of Forager Funds Management is one of the best performing investment managers in recent times. You could do a lot worse than mirroring his portfolio. His take on research is very interesting. He has no problems finding investment opportunities and his research which runs to 45 pages and takes 7 days, is about finding reasons why he should not invest. All great stuff! Link below https://youtu.be/IjS7v7JPyKQ
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Cryptocurrency exchanges alive with chaos and hackers

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A At our next meeting I am going to propose we exit the bitcoin 'investment". As you will see from the following article, Bitcoin is a long way short of investment grade. It is more akin to dealing in a thieves bazaar    Oct 5 2017 at 11:00 PM  Cryptocurrency exchanges alive with chaos and hackers ·            Tech developer Dan Wasyluk, whose project lost 750 bitcoins when cryptocurrency exchange Moolah collapsed in 2014, poses for a portait in Gaithersburg, Maryland.  Joshua Roberts/Reuters Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months later, the exchange collapsed; the man behind it is now awaiting trial in Britain on fraud and money-launde...
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