In this episode of all things #Abstractable we discuss the letters Amazon Letters to Shareholders by Jeff Bezos.
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.
Outline:
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
1:12:30 – Day one vs day two
Links of Amazon's Letters to Shareholder - [ Ссылка ]
As with each episode, we pluck out what most resonated from the letters and how we would like to bring it into our lives.
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