Ep. 1069: Algos, Negotiation, Meditations with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Ride Your Winners, Cut Your Losers
Jeff Bezos started off in investment banking. He was at a very prestigious and successful firm, I believe it was D.E. Shaw. And he has this inkling as he explains to his boss that he wants to leave this investment firm and start an online bookstore in Seattle. It just seemed like insanity of why would you leave this extremely lucrative position to do this thing? That's how Jeff made the decision for Amazon.
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