Dana Mattioli, the Wall Street Journal's Amazon reporter and author of "The Everything War," shares her insights into Amazon's competitive strategies. She reveals how the company navigates corporate power dynamics and the ethical dilemmas its employees face. The conversation also touches on the potential TikTok ban and its repercussions on U.S.-China relations, while humorously critiquing political figures. The discussion highlights the intricate balance of corporate tactics amid ongoing antitrust scrutiny and global tensions.
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Investing Basics
Start investing early in low-cost index funds and diversify.
Avoid investments advertised on CNBC, they are often grifts.
insights INSIGHT
Wealth and Character
Building wealth involves personal and professional relationships.
High-character individuals, who are good to others, tend to be wealthier.
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Dangers of Early Wealth
Extreme wealth at a young age can be problematic.
Young billionaires often credit their character for success, ignoring luck.
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In 'The Algebra of Wealth,' Scott Galloway provides a comprehensive framework for achieving financial security. The book is divided into four main themes: Stoicism, Focus, Time, and Diversification. Galloway advises readers to follow their talent rather than their passion, optimize big economic waves, and use stoicism to develop better financial habits. He also emphasizes the importance of compounding interest, diversification, and tax planning. The book is written in Galloway's characteristic straightforward style and includes practical advice on building character, relationships, and a successful career[2][4][5].
The Everything War
Amazon's Ruthless Quest to Own the World and Remake Corporate Power
Dana Mattioli
The Everything War is a comprehensive and shocking exposé of Amazon's relentless drive for power and domination. Dana Mattioli, with unparalleled access and hundreds of interviews, reveals how Amazon has bulldozed competitors, reshaped the retail landscape, transformed Wall Street's evaluation of companies, and altered the global economy. The book details Amazon's use of its size, leverage, and data to choke competition, its avoidance of tax collection, exploitation of partners, and copying of competitors. It highlights Amazon's control over online retail, its private label brands, and the extensive use of AWS by companies and governmental agencies. This investigative work stands as a classic in business journalism, exposing the deepest secrets of the world's most powerful retailer[1][4][5].
Kara and Scott discuss Tesla's Cybertruck recall, Sony teaming up with Apollo for a Paramount bid, and Netflix's decision to stop reporting subscriber numbers. Then, the TikTok bill moves closer to becoming a law. Will TikTok's parent company go to court to stop a ban? Plus, is China's decision to crack down on popular messaging apps a retaliatory move? Finally, our Friend of Pivot is Dana Mattioli, the Wall Street Journal's Amazon reporter, and author of the new book, "The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power." Dana explains what she learned about Amazon's tactics to stay on top.
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