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

I never chatted with Bezos about this, so I don't know if it was an explicit strategy on his part, but one of his great strengths as a communicator was the ability to encode the most important strategies for Amazon in very concise and memorable forms.

Take one example "Day 1." I don't know when he first said this to the company, but it was repeated

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• We will continue to focus relentlessly on our customers.• 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. • We will continue to measure our programs and the effectiveness of our investments analytically, to... See more

every annual letter to Amazon shareholders, Jeff Bezos includes the same cryptic line: “It remains Day 1.” After repeating this mantra for a few decades, Bezos was asked what Day 2 would look like. He replied, “Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.

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Just before he stepped down as CEO of Amazon, Jeff Bezos wrote his final shareholder letter. He closed it out with a section he titled, “Differentiation is Survival and the Universe Wants You to be Typical.” He prefaced his own thoughts with a quote from The Blind Watchmaker,… Show more