Ep. 762: A Wild Takeoff and Bezos the Trend Trader Revisited with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Paranoid Survive, but Don't Focus on the Competition
If you are rapidly scaling into a large enterprise, you owe it to yourself to read the entire 2016 letter. Turn following is the hungry upstart. Only the paranoid survive and owed Andy Grove of Intel. In 2001, Jeff formally introduced Amazon's plan of relentlessly lowering prices as the third pillar to complement relentless focus on convenience and selection. And in 2006, Jeff talks primarily about the importance of making bets that are tiny in the beginning to avoid innovators dilemma.
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