Jeff Bezos Explains Why Amazon Makes No Profit

In this 9 minutes video, Jeff Bezos is brilliant in his response to the question “Why Amazon Makes No Profit ?” In the video JBezos explains his business(es), shares great insights, and throws in a couple in Buffett and Graham quotes.

  • Subjects: Free cash flow (FCF), profits, Return on invested capital (ROIC), what drives the stock price, customer obsession, operational excellence, long-term thinking etc…

If you have read it, read the Amazon 1997 Shareholder letters.  Back then Bezos laid out the vision and his multi-year thinking process.

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