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22min chapter
TIP584: Optimizing for the Long-Term w/ Sahil Bloom
We Study Billionaires - The Investor’s Podcast Network
Turning Cost Centers into Profit Centers
The speaker explains how Amazon turned their infrastructure into a profitable business unit and applies this concept to their own businesses, generating over $10 million in revenue. They discuss the difficulties of aligning incentives and empowering operators to make decisions. The chapter also touches on asset allocation, challenges in services-based businesses, and finding work-life balance.
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