Jeff Bezos Letter to Amazon Shareholders 1997

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“We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions.” Focusing on the long term allows the interests of your customers, who want better and faster services cheaper, and the interests of your shareholders, who wan... See more

Jeff Bezos • Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson

Jeff Bezos Shareholder Letters | Founders Podcast with David Senra #282 • Podcast Notes

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A lign customer and shareholder interests as much as possible

Jeff Bezos • Jeff Bezos Shareholder Letters | Founders Podcast with David Senra #282 • Podcast Notes

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“If you want to get to the truth about what makes us different, it’s this: We are genuinely customer-centric, we are genuinely long-term oriented, and we genuinely like to invent. Most companies are not those things. They are focused on the competitor, rather than the customer. They prefer to be close followers rather than inventors, because it’s s... See more

Mike McGuiness • Tweet

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Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson

Walter Isaacson

amazon.com

Jeff Bezos , founder of Amazon, on the importance of what’s not going to change:

“I very frequently get the question: ‘What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one.

“I almost never get the question: ‘What's not going to change in the next 10 years?' And I submit to you that that second ... See more

James Clear • 3-2-1: On comparison, consistency, and what’s not going to change

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My guess is that Amazon’s success is a byproduct, a side-effect of a process driven, flexible, in-the-moment way of being. In the famous 1997 letter to shareholders, which lays out Amazon’s philosophy, Bezos says that their process is simple: a “relentless focus on customers.” This is not a goal to be strived for, worked towards, achieved, and the

Patrick O'Shaughnessy • Growth Without Goals

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A relevant quote from Peter Thiel: “If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?”

Jeff Bezos • Jeff Bezos Shareholder Letters | Founders Podcast with David Senra #282 • Podcast Notes

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