Motley Fool Money Jeff Bezos on Taking the Long View
Jan 21, 2020
Dive into the world of Amazon's remarkable journey through the eyes of Jeff Bezos. Discover how he maintained optimism about profitability during tough times in the early 2000s. The discussion reveals insights into navigating investor skepticism and making bold international investments. It’s a masterclass in long-term thinking and strategic vision that shaped one of the biggest companies in the world.
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Amazon's Early Profitability
- Jeff Bezos shared Amazon's Q3 operating profit of $25 million in their U.S. books, music, and video segment.
- He believed that without investments in international opportunities and new product categories, Amazon would be profitable but have a lower market value.
Dot-com Bubble Burst
- Bezos attributed Amazon's stock decline to the rough treatment of the entire tech sector.
- He highlighted the irrational exuberance of 1999, where startups easily raised capital and spent it on advertising.
Long-Term Investing
- Bezos emphasized the importance of a long-term perspective for investors.
- He highlighted Amazon's 20x stock increase over three and a half years, despite the recent decline.