TIP506: How Jeff Bezos Built Amazon

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 20 December 2022

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way Public American Express Onramp SimpleMining Fundrise Shopify USPS Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.0	Hey everyone, welcome to the Investors Podcast.
0:06.0	I'm your host Clay Fink, and on today's episode,
0:09.0	I'm going to be talking about one of the best performing companies in terms of stock performance
0:14.0	over the past 25 years or so, and that is Amazon.
0:18.0	We study a number of different billionaires on the show,
0:20.0	but very few have been as successful as Jeff Bezos
0:24.0	as he has accumulated a fortune of over $117 billion.
0:29.0	According to Bloomberg, as of November 2022,
0:32.0	for this episode, I've read through Brad Stone's book, The Everything Store.
0:37.0	This book was released back in 2014,
0:40.0	and he did a really good job of covering the early days of Amazon
0:44.0	in the foundation that was laid beginning in 1994
0:47.0	to set up for the monstrous growth in the years to come.
0:51.0	Brad has been on our show a couple of times to talk about his books.
0:54.0	He was on the show back in 2017 on episode TI-P142.
0:59.0	In the second time he came on, he chatted with Tray about his most recent book,
1:03.0	Amazon Unbound on episode TI-P362.
1:07.0	During this episode, you'll learn about why Amazon originally started to focus only on books.
1:13.0	How Bezos transitioned from Wall Street to Entrepreneurship.
1:17.0	Why Amazon was so misunderstood by the majority of people in the early days?
1:22.0	Why they were one of the only comm companies to survive the collapse of the 1999 tech bubble?
	...

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