Intro

This chapter explores the transformative journey of Amazon and its founder, Jeff Bezos, focusing on pivotal decisions that led to the company's success. It examines Amazon's origins, its adaptability during challenges, and the impactful strategies that shaped its evolution into a dominant e-commerce force.

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Episode notes

IN THIS EPISODE, YOU'LL LEARN:

00:02:34 - How Jeff Bezos came to discover the incredible opportunities on the Internet in the early 1990s.
00:09:58 - How the regret minimization framework led Bezos to starting Amazon.
00:17:08 - How Amazon lost hundreds of millions of dollars from poor investments during the tech bubble.
00:33:28 - Amazon’s five core values.
00:46:30 - Why many companies were reluctant, yet eventually forced to work with Amazon to remain competitive.
00:47:45 - How Costco’s business model inspired Bezos to release Amazon Prime and keep his commitment to low prices.
00:56:48 - How AWS was created and the importance of it in Amazon’s continued success.
01:02:33 - Clay’s biggest takeaways from studying Jeff Bezos.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tune into the recent We Study Billionaires' episode covering The Airbnb Story.
Learn about the How to Hedge Inflation.
Brad Stone’s two interviews with The Investor’s Podcast - TIP142 & TIP362.
Brad Stone’s books - The Everything Store, Amazon Unbound, & The Upstarts.
Follow Clay on Twitter.

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