Why Jeff is the Best

One day...

This is by far the best quantitative analysis I’ve ever seen in an AGM letter.

People who wonder how this bald guy has built an entire empire out of scratch, the answer is his analytical genius.

Look how he presented data as an art, or to be more precise, data is his color for a masterpiece painting. He just drew a Picasso from putting numbers from accounting books.

I didn’t know someone can so vividly portrait a mere qualitative statement with numerical reasoning. Look at page 2, he even calculated the total value creation of his customers in the previous year in terms of total time saved by shopping through Amazon.

Still, you can argue there are many avenues untouched in the analysis. Jeff could have incorporated latency of delivery, order cancellation, or positive aspects like financial benefits of online marketing during the COVID pandemic – plenty out there.

But I don’t care. Not fanboying Jeff, rather I’m a leftist while talking about the hedonist billionaire.

He has shown his readers how awesome a company Amazon has been in the past 27 years, and the amazement won’t seize so quick.

I’ll leave you here with the letter, wish I could upload the whole paper in text. I’m dropping the pdf link, which I afraid won’t last probably 10-20-30 years down the line on the internet.

Why thinking so long term? Because I want to write a similar letter one day to my shareholders. Wake me up that day…

https://s2.q4cdn.com/299287126/files/doc_financials/2021/ar/Amazon-2020-Shareholder-Letter-and-1997-Shareholder-Letter.pdf

Comments

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