Episode notes
IN THIS EPISODE, YOU'LL LEARN:
- 00:02:34 - How Jeff Bezos came to discover the incredible opportunities on the Internet in the early 1990s.
- 00:09:58 - How the regret minimization framework led Bezos to starting Amazon.
- 00:17:08 - How Amazon lost hundreds of millions of dollars from poor investments during the tech bubble.
- 00:33:28 - Amazon’s five core values.
- 00:46:30 - Why many companies were reluctant, yet eventually forced to work with Amazon to remain competitive.
- 00:47:45 - How Costco’s business model inspired Bezos to release Amazon Prime and keep his commitment to low prices.
- 00:56:48 - How AWS was created and the importance of it in Amazon’s continued success.
- 01:02:33 - Clay’s biggest takeaways from studying Jeff Bezos.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Tune into the recent We Study Billionaires' episode covering The Airbnb Story.
- Learn about the How to Hedge Inflation.
- Brad Stone’s two interviews with The Investor’s Podcast - TIP142 & TIP362.
- Brad Stone’s books - The Everything Store, Amazon Unbound, & The Upstarts.
- Follow Clay on Twitter.
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