4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP506: How Jeff Bezos Built Amazon

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Amazon and the Stock Market - The Biggest Mistake Ever

An analyst at Lehman Brothers said that Amazon was in a world of trouble. The report spooked the markets as it led to the stock dropping 20%. Bezos told his employees that, quote, you don't feel 30% smarter when your stock goes up by 30%.

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