Jeff Bezos; In addition to Warren Buffet, his letters to share holders provide keen insights into his thinking.
I have just given below the highlights, as per the report for each year. I have underlined those that i like a lot.
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| Since 1997, Amazon’s stock price has risen from $5 per share to around $1,800 per share* |
2017: Build high standards into company culture
2016: Move fast and focus on outcomes
2015: Don’t deliberate over easily reversible decisions
2014: Bet on ideas that have unlimited upside
2013: Decentralize decision-making to generate innovation
2012: Surprise and delight your customers to build long-term trust
2011: Self-service platforms unlock innovation
2010: R&D should pervade every department
2009: Focus on inputs — the outputs will take care of themselves
2008: Work backwards from customer needs to know what to build next
2007: Missionaries build better products
2006: Nurture your seedlings to build big lines of business
2005: Don’t get fixated on short-term numbers
2004: Free cash flow enables more innovation
2003: Long-term thinking is rooted in ownership
2002: Build your business on your fixed costs
2001: Measure your company by your free cash flow
2000: In lean times, build a cash moat
1999: Build on top of infrastructure that’s improving on its own
1998: Stay terrified of your customers
1997: Bring on shareholders who align with your values
The complete report from CBInsights makes for a very interesting reading and it does provide a holistic view of his thought process.
* Image Courtesy the article quoted above.
