44 : Jeff Bezos – Amazon Letters to Shareholders
from The Abstractable Podcast Hosted by Ryan Griffin & Lachlan Smith
The Amazon Annual Letters to Shareholders hold similar fame to the Berkshire Hathaway ones, and for good reason. They are densely packed recount of the successes (& failures) of Amazon from their founder. Reading all of them from 1997 through to 2020 also takes less time than a standard book so are highly recommended read for any business owner or a manger. Today’s episode is inspired by letters Amazon Letters to Shareholders by Jeff Bezos. [00:00] Introduction: Amazon letters | [01:32] Non fungible tokens (NFTs) | [06:00] Digital arts and cryptocurrencies | [11:44] CEO of Amazon: Jeff Bezos | [18:34] Amazon’s timeline | [31:03] Building the world’s most customer centric company | [37:38] Why Amazon does not focus on making profits | [48:15] The 2 key lessons from the Amazon Letters to Shareholders | [1:02:25] Innovation cycle throughout amazon | [1:07:56] How amazon turns failure into profits | [1:12:32] Day one vs day two Links of Amazon's Letters to Shareholder - https://www.cbinsights.com/research/bezos-amazon-shareholder-letters/#links As with each episode, we pluck out what most resonated from the letters and how we would like to bring it into our lives. --- If you enjoyed this episode, subscribe to receive new episodes each week. Follow us, access show notes (including books mentioned) and our listen to audio on the go: http://abstractable.co/ Subscribe to the YT channel: http://www.youtube.com/subscription_center?add_user=abstractable --- Stay connected: Follow Abstractable on Instagram: https://www.instagram.com/theabstractable Follow Abstractable on Twitter: https://twitter.com/theabstractable Follow Abstractable on Facebook: https://www.facebook.com/abstractable/ You can find The Abstractable Podcast on: Apple Podcasts: https://podcasts.apple.com/au/podcast/the-abstractable-podcast/id1502025982 Spotify: https://open.spotify.com/show/115u4wd7QGR7EXCLXeiJ27 Google Podcasts: https://podcasts.google.com/?feed=aHR0cHM6Ly9yc3Mud2hvb3Noa2FhLmNvbS9yc3MvcG9kY2FzdC9pZC8xMTM2Mg
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