101–110 of 119 posts
Earlier quoted context omitted.
Bezos is in it for the long haul. He's probably the most impressive business person there is right now. Buffett and Musk are impressive in different ways.
Sorry, but Bezos and Buffet are not even in the same league as Elon Musk.
I will probably get down voted but I think it's because we are in for a big downturn this year. Amazon is preparing for that and they will garner more market trust because they can show profits. When the bust happens, people are going to be very careful on what stocks they invest in and will most likely lean towards safer, profitable companies.
Are you saying Amazon have built a tool to time the market?
I find it very interesting to know what Amazon's competitive advantage would be from having their own logistics business. 1) Shipping is the definition of a commoditized business. Unlike AWS, for example, they will not be pioneering a new business model or technology. 2) What they pay right now to FedEx, UPS, USPS, DHL, OnTrac, etc. should be very close to zero margin, given their position to negotiate those companie…
Because Bezos can't get a crappy USPS delivery person off of a shift that affects a bunch of his customers.
I wonder how much talent retention comes into play here, since Amazon has a very high ratio towards RSUs in the total comp package if I remember correctly. When $AMZN girates or tanks, at least some part of their workforce would be tempted to leave. Though maybe that's the exact segment they wouldn't mind see leaving anyways?
Generally the people who leave voluntarily are the people you don't want to see leave. Good talent is likely to have little difficulty finding better opportunities. Mediocre to bad employees are going to have a hard time finding another job, so they stick around.
This is based on my personal observations as an Amazon employee, and not just hand-waving, by the way.
Earlier quoted context omitted.
Musk made money on Paypal before he started Tesla and SpaceX. Bezos made money on Amazon before he started Blue Origin. Plus Bezos doesn't have an obsessive internet cult worshipping him.
Bezos is a much more accomplished business man - Tesla has ~3,000 employees SpaceX has ~5,000 Solar City has ~13,000 PayPal has ~13,000 Total: 34,000 as they stand today which is a very generous measure since it's years after Musk left PayPal and he doesn't even work at Solar City afaik. Amazon has ~222,000 employees, roughly 8x larger than all of those companies combined, not even counting Blue Origin, WaPo, or w/e…
What do these people do? I mean, for the other companies you quoted, there are physical products to be designed, manufactured, mounted or moved, I get it. But Paypal?
I find it very interesting to know what Amazon's competitive advantage would be from having their own logistics business. 1) Shipping is the definition of a commoditized business. Unlike AWS, for example, they will not be pioneering a new business model or technology. 2) What they pay right now to FedEx, UPS, USPS, DHL, OnTrac, etc. should be very close to zero margin, given their position to negotiate those companie…
Except Amazon has been innovating in the shipping area. Many times Amazon can get stuff to my building faster than I can go out and get it from a store.
Earlier quoted context omitted.
Musk made money on Paypal before he started Tesla and SpaceX. Bezos made money on Amazon before he started Blue Origin. Plus Bezos doesn't have an obsessive internet cult worshipping him.
Bezos is a much more accomplished business man - Tesla has ~3,000 employees SpaceX has ~5,000 Solar City has ~13,000 PayPal has ~13,000 Total: 34,000 as they stand today which is a very generous measure since it's years after Musk left PayPal and he doesn't even work at Solar City afaik. Amazon has ~222,000 employees, roughly 8x larger than all of those companies combined, not even counting Blue Origin, WaPo, or w/e…
Earlier quoted context omitted.
Musk made money on Paypal before he started Tesla and SpaceX. Bezos made money on Amazon before he started Blue Origin. Plus Bezos doesn't have an obsessive internet cult worshipping him.
Bezos is a much more accomplished business man - Tesla has ~3,000 employees SpaceX has ~5,000 Solar City has ~13,000 PayPal has ~13,000 Total: 34,000 as they stand today which is a very generous measure since it's years after Musk left PayPal and he doesn't even work at Solar City afaik. Amazon has ~222,000 employees, roughly 8x larger than all of those companies combined, not even counting Blue Origin, WaPo, or w/e…
I wonder how much talent retention comes into play here, since Amazon has a very high ratio towards RSUs in the total comp package if I remember correctly. When $AMZN girates or tanks, at least some part of their workforce would be tempted to leave. Though maybe that's the exact segment they wouldn't mind see leaving anyways?
Earlier quoted context omitted.
That's kind of a 0-sum outlook on the role of businesses in society (gather wealth to distribute to employees). Most of the businesses we're talking about are benefiting society not through job creation but through technology creation. Google is not important because they employ tens of thousands of engineers, they're important because Search benefits general knowledge and decision making of everyone with an internet…
This is one of the things that Henry Ford got right. If nobody can afford to buy anything, you don't need any engineers.
It is not possible to be making things that nobody can afford to buy. This is because consuming or otherwise using something that already exists has no real cost. This is Say's Law ( https://en.wikipedia.org/wiki/Say's_law ).
And Henry Ford paid his workers a high wage because he tried a low wage and had massive, business-crippling problems with employee turnover. Working on an assembly line is hell. One minute of analysis will show that it can never be more profitable to a company to sell product to its own paid workers than to just not make the product in the first place.