Ep. 606: Jeff Bezos Is a Trend Follower on Trend Following Radio
Michael Covel's Trend Following
00:00
The Paranoia of Trend Following
In 2001, Jeff formally introduced Amazon's plan of relentlessly lowering prices as the third pillar to complement relentless focus on convenience and selection. Since Amazon has seen many $10 million seeds turn into billion businesses, they are constantly nurturing small ideas and treat them with the same importance as the big ideas. The dovetail is seamless. Small bets. Why do you make small bets? You make small bets because you can't predict a fucking thing. And that means not being able to make small betsBecause a company is so focused on optimizing its larger businesses. Only the paranoid survive but don't focus on the competition. Number five of this blog post, only the paranoid survive and owed Andy Grove of Intel.
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