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TIP506: How Jeff Bezos Built Amazon
We Study Billionaires - The Investor’s Podcast Network
We Study Markets by the Investors Podcast Network
Clay Fink: In 1994, Bezos suspected that the internet would be a huge part of humanity's future. But it wasn't until 2001 that he really started to figure out how to build the best company on the internet. That summer, Amazon announced that they were going to be cutting the prices of many of their products by 20-30%. He says this is similar to the commitment Sam Walton had made for Walmart as well.
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