Money and Finance
- Amazon: Relentless.com
Link to article: Relentless.com At 20 Amazon is bulking up. It is not—yet—slowing down HIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff...
- Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...
- Jeff Bezos' Letter To Shareholders
In this turbulent global economy, our fundamental approach remains the same. Stay heads down, focused on the long term and obsessed over customers. Long-term thinking levers our existing abilities and lets us do new things we couldn’t otherwise contemplate....
- Upfront And Unscripted With Jeff Bezos (audio)
I think Jeff Bezos and Chris Anderson are two of the best people from which to learn. I don't know how I missed this podcast the first time, but it is really great (in my opinion). I also think the iPod-like comparison is a valid one for The Kindle....
- The Surprising Link Between Jeff Bezos And Neil Woodford And What It Means To Dividend Investors
On the surface it appears that Amazon and Jeff Bezos are worlds away from anything a dividend investor would care about. After all, Amazon struggles to even show earnings, much less pay a dividend. But remember the first rule of investing, you are...
Money and Finance
Jeff Bezos' 2012 Letter to Shareholders
Our heavy investments in Prime, AWS, Kindle, digital media, and customer experience in general strike some as too generous, shareholder indifferent, or even at odds with being a for-profit company. “Amazon, as far as I can tell, is a charitable organization being run by elements of the investment community for the benefit of consumers,” writes one outside observer. But I don’t think so. To me, trying to dole out improvements in a jus-tin-time fashion would be too clever by half. It would be risky in a world as fast-moving as the one we all live in. More fundamentally, I think long-term thinking squares the circle. Proactively delighting customers earns trust, which earns more business from those customers, even in new business arenas. Take a long-term view, and the interests of customers and shareholders align.
As I write this, our recent stock performance has been positive, but we constantly remind ourselves of an important point – as I frequently quote famed investor Benjamin Graham in our employee all-hands meetings – “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” We don’t celebrate a 10% increase in the stock price like we celebrate excellent customer experience. We aren’t 10% smarter when that happens and conversely aren’t 10% dumber when the stock goes the other way. We want to be weighed, and we’re always working to build a heavier company.
- Amazon: Relentless.com
Link to article: Relentless.com At 20 Amazon is bulking up. It is not—yet—slowing down HIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff...
- Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...
- Jeff Bezos' Letter To Shareholders
In this turbulent global economy, our fundamental approach remains the same. Stay heads down, focused on the long term and obsessed over customers. Long-term thinking levers our existing abilities and lets us do new things we couldn’t otherwise contemplate....
- Upfront And Unscripted With Jeff Bezos (audio)
I think Jeff Bezos and Chris Anderson are two of the best people from which to learn. I don't know how I missed this podcast the first time, but it is really great (in my opinion). I also think the iPod-like comparison is a valid one for The Kindle....
- The Surprising Link Between Jeff Bezos And Neil Woodford And What It Means To Dividend Investors
On the surface it appears that Amazon and Jeff Bezos are worlds away from anything a dividend investor would care about. After all, Amazon struggles to even show earnings, much less pay a dividend. But remember the first rule of investing, you are...