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The Pomp Podcast

#538: Jeff Bezos Shareholder Letter

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 20 April 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast, simply the best podcast out there. Let's kick this thing off.

0:09.5

Today is a special episode of the podcast. I've recorded the latest shareholder letter from Jeff Bezos. I want you to pay special attention to this last letter as CEO of Amazon before he transitions to becoming the chairman.

0:22.8

I want you to pay attention to how he breaks down the business, where he talks about how he

0:28.3

wants to commit better service to his employees, and also his comments and thoughts at the end of the

0:34.2

letter around originality. The originality comments specifically spoke to me, and I think that they're a great lesson

0:40.2

for everyone.

0:41.1

So I've recorded this letter so that you can simply sit back and listen.

0:45.4

Before we get into the episode, though, I want to quickly talk about our sponsors.

0:49.2

First up is MasterWorks.

0:51.6

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0:56.4

in the next two years. If you add in the $1.9 trillion of fiscal stimulus and a $2 trillion

1:02.4

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1:07.7

investing in real tangible assets like art. But unless you have $10 million to buy an entire Picasso yourself,

1:14.8

the barriers to entry for this asset class have been too high until now.

1:20.1

Introducing masterworks.io, an exclusive community of art investors

1:24.6

who are looking to take advantage of this historically inefficient market.

1:28.9

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1:35.4

the entry price. From 1995 to 2020, contemporary art prices outperformed the SMP 500 by 172%.

1:44.2

And it had a lower loss rate than gold and only virtually no correlation to equities.

1:50.3

You can head over to masterworks.io and skip the 15,000 person wait list today with promo code pomp.

1:57.4

Again, masterworks.io and use promo code pompomp to skip the 15,000 person waitlist.

2:03.9

Masterworks.com. Go check it out. Next up is Public Rec. Their pitch is really simple. They make the

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