"In 2001 Jim Sinegal met Jeff Bezos in a Starbucks in Bellevue, Washington and told the Amazon CEO about the Costco business model." google.com/amp/s/25iq.com…
Q: Do any companies have a sustainable moat against competition from the likes of Amazon? Who is Amazon-proof?
He wasn't saying Amazon would not do well or spectacularly well. Charlie was talking about Costco, where he's a director.