Jeff Bezos Annual Shareholder Letter

If you look at the progress of Amazon as a company between 1997 and 2017 when the latest shareholder letter was published it is quite remarkable.

I have said this before but if you want to see a great example of very long term thinking – read these letters. Amazon as a business has very good cash flows it just decides to invest these in the future. You really can’t fault that as a manager or shareholder.

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