2min 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

Millennial Investing by the Investors Podcast Network

People are always going to want low prices, fast delivery and big selection. Bezos figured that ebooks would be a big part of the future so he hired someone internal to cannibalize his own business which originally started with selling physical books. It's better to create a new business that wipes out your old business than to let somebody else do it themselves. This could even apply to your job, if your job is being rapidly disrupted then start learning and preparing for the way of the future.

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