Bill and Steve — and Jeff (Bezos)

10 thoughts on “Bill and Steve — and Jeff (Bezos)”

  1. amazon is innovative. throw in recommendations, user reviews, and subscribe & save, where you can have deodorant or detergent or something delivered once a month.

  2. no question – Bezos is there with them. He is in many cases very under rated. Amazon’s positions on cloud computing and willingness to push beyond books (going back a ways here) is why this company should be watched with as much zeal as Microsoft and Apple. Amen on this one OM!

  3. From a strategic perspective, the willingness to fail, makes the Amazon model very difficult to imitate or compete with. By nature, most company managers are incentivized not to fail.

    Luis

  4. I was just recently thinking about how markets respond to companies with these charismatic and irreplaceable CEOs. Guys like Steve Jobs and Warren Buffett have created so much value for their companies and have become even the soul of their companies. When people think Berkshire Hathaway, they think Warren Buffett. When they think Apple, they think Steve Jobs. What happens when these guys have to retire or God forbid, fall ill, and are no longer able to run their companies?

  5. Here was my comment last June when I posted a $55 price to buy Amazon (it was $80 then):

    “I think Amazon’s management — most visibly CEO Jeff Bezos and CFO Tom Szkutak — pulled off a spectacular coup in the last several years. They spent three years investing in the infrastructure and new businesses necessary to position Amazon for accelerated global growth. They had a superb vision, they executed on a very difficult plan, and they were rewarded in 2007 with a double in cash flow, a double in cash on the balance sheet, and a double in the Amazon stock price.”

    http://vcastocks.com/index.php/reports/internet-related-amazoncom-inc-amzn/

    So, yeah I’m a fan of Bezos. The stock is now down to that $55 price, and I’m buying some tomorrow morning.

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