4 Bezos Lessons 1. Be willing to fail and know when to cut your losses (2:40) 2. Play the long game (4:15) 3. Management matters (5:55) 4. The power of monogamy (7:15)
just as a btw, "cult" and "culture" have completely different etymologies. Culture comes from cultivate or colere in latin, Cult comes from cultus which means worship.
3 роки тому+1
Dude. The ending. Wtf. Best short vídeos. You are very smart and produce easy to digest contet. Thank you very much.
If you take all the employees that amazon hired and subtract all the small shop owners, mid size retailers employees that lost their jobs because of amazon's dominance what would that number be?
I have to agree. When Amazon raised the minimum wage. My company, a competitor in one aspect of Amazon's business, my wage increased. I made way above minimum wage, but my company decided to increase the starting salaries to $15 which then trickled up to those of us who make way more. Thanks Bezos! God bless capitalist!
Sometimes the UA-cam algorithm does wonderful things. I've missed you Professor Galloway since you stopped doing those quirky but brilliant weekly videos about business. The last time I saw you, you were sending goats to Africa. Yeah, that long. Subbed.
I am still not fan of Amazon. Taking investors money to sell certain products at a loss just to ruin the competition seems just too douchie for me to forget. Not saying they didn’t play the long game well, but as former vendor on Amazon I can tell you the douchie and slightly arrogant behavior runs deep. I prefer Shopify which btw. Is getting into fulfillment...
The day after that acquisition was finalized I went into Whole Foods in Venice Beach and asked one of the employees if anything had changed. He said the only thing he noticed was that employees could no longer own stock if they wanted to keep their jobs. I knew that was only the beginning of worse things to come. People have got to stop worshiping this bag of dicks.
Semi related to playing the long game: the fire phone was killed too early. A Fire Phone 6 Pro, with Alexa and free Prime etc, with it's own app ecosystem?? (Tbh the ecosystem when used on the BlackBerry Passport was pretty good, but that's, as someone once said, another talk show). Anyway, Fire phones died too soon, rip
You will need some lipstick balm after this Prof. But yes, the guy is an evil genius. So smart that he leaves the company when government, rightfully, will start to grill Amazon's guts.
I had a Fire Phone...I liked it,. Then I got a Windows Phone...I liked it too. But NO, the 'Market', the evil 'Big-Tekkers', the Cooks & the Koreans had to 'FF'up my phone enjoyment. But I digress...after I saw the Titanic ending...I'm shaving my head...off. Professor, I luv ya, but the things you show that just can't be unseen....
Timing is everything. I'm old enough to remember the Sears mail order catalog (sigh) so what Bezos did was not a NEW idea. However with the advances in technology such as satellite nevagatoon and cell phones he was able to take advantage of technologies that didn't exist in the 70' s.This gave him efficiencies which Sears didn't have otherwise Sears would be what Amozon is today. However what he glosses over is Amozons most profitable business center is AWS which everyone from the Department of defense to Netflix uses. The fulfillment centers are no more profitable on a dollar for dollar basis than Ebay. I use Amozon they're like a drug you can't get around buying on thier site. However they and other e commerce businesses all use government satellites which no e commerce business pays a dime for. Couple this with the fact they paid no taxes and thier workers don't have enough time to take a bathroom break and I hold my nose and go ahead and order. All things considered you have to give Bezos his due.He really did build the better mouse trap. He is the archetypal capitalist.
@@BTrain-is8ch I wasn't saying he didn't mention it. The point I was attempting to make is about thier questionable business practices. Short breaks, no unions and tax dodging being one of them.
@@gt-gu7rb Reinvesting your net revenue back into your business and ending up with no profit to be taxed isn't "tax dodging". It's a valid business strategy. People complain that public companies are always focused on short term profits then complain when a giant one took a longer term view too. Which is it?
This video is one of my best, as it shows to some fundamental level, there is always art and esthetics to this shit, despite the levels of damage involved. Romanticism lives on....
Hey Scott how do you feel about the Amazon employee deaths during the recent tornados. Bezos was AWOL as his employees families were grieving. Billionaires should be outlawed.
I study a lot of great entrepreneurs such as Bill gates, Elon musk and Steve Jobs. Perhaps the most consequential thing I learned and apply to my business was Bezos' strategy of customer obsession. He spoke about how Google is engineering obsessed, Apple is design obsessed. My company is user experience obsessed. Thanks Jeff.
He should have gotten way more shit for stealing tips from Flex drivers. I open with this because no amount of genius justifies this sort of abuse of already poor people. While I am in awe of Jeff Bezos’s business acumen, long-term (TRULY long-term) view, and relentless drive, that got him to build a machine as formidable as Amazon, I cannot help but worry that he will bring his psychopathic philosophy to bear on the rest of the world and in other sectors. While we’d all likely benefit from replacing powerpoints with six-pagers, the Amazon way is that of deep, fulfilling work for a minority and low-paid, robotic, mercilessly monitored gig work for everyone else. It’s unstoppable growth for one company, subsidised by the AWS money printer, and suffocation for everyone else. It’s tax-dodging and shameless beggaring of even more tax breaks from cities and states. Bezos has said he wants to see a population of trillions of people, so that we can birth a million Einsteins. What kind of life the non-Einsteins will lead is not a real concern for him, apparently. “Free delivery” comes at an unacceptable cost. Boycott Amazon.
totally brilliant guy from the perspective of our narcissist praising, money chasing society 💰👏 make next video about workers abuse, 10 hours night time shift, bottle peeing and hazardous pay. did it worth it? tell us, please, do you really feel good about society where a man who hurt people badly for years yet praised as an outstanding leader and a visionary?
That and Amazon has everything from A to Z If you made 225K every day for 2021 years you would still be 16 Donald Trumps away from Jeff Bezos.... allegedly 🤣. Simply astonishing
I think he was implying that it's a no-brainer choice, that you would be an idiot not to use it. I'm not saying I agree, but I think that's what he was implying.
That was some cringe level white washing praise of the company that summarizes pretty much all of the flaws of the monopolistic nature of capitalism. Praising capitalism while praising the worst example of it on a systemic level is pretty off.
That Titanic bit was genuinely the most beautiful thing I've seen for a long time
This has been enlightening
Why doesn’t this channel have more subs? I wish CNBC was 50% as good as this.
It's his 3rd channel. Every time he starts from scratch. This is only after a few months of work.
I rather less people discover it. So I can seem smarter in public.
“You know how you really really get fucking rich? Slowly.”
💯
I have always wanted a professor who swears and drops bombs of wisdom. Great channel and great videos.
I know man😂
That Titanic bit was genuinely the scariest thing I've seen this week
The week is still young 🥶
I didn't shed a tear at my son's wedding, but seeing true love like Scott and Jeff brought me to tears.
4 Bezos Lessons
1. Be willing to fail and know when to cut your losses (2:40)
2. Play the long game (4:15)
3. Management matters (5:55)
4. The power of monogamy (7:15)
You left out:
5. Take your conscience out behind the woodshed and put a bullet through its head.
@@shacktime works like a charm everytime. Amirite babe......
Babe!..
BAAABEEEEE!!!!
fuck it, it was good while it lasted
@@emmanueloluga9770 Tornadoes of the soul.
just as a btw, "cult" and "culture" have completely different etymologies. Culture comes from cultivate or colere in latin, Cult comes from cultus which means worship.
Dude. The ending. Wtf. Best short vídeos. You are very smart and produce easy to digest contet. Thank you very much.
Love the Titanic ending...perfect.
I still perceive Amazon as a terrible company which did greater harm than good in the world- except for its shareholders. It disgusts me.
fair
I'm more of a MacKenzie Scott fan.
Very true.
If you take all the employees that amazon hired and subtract all the small shop owners, mid size retailers employees that lost their jobs because of amazon's dominance what would that number be?
I never thought I was going to have a favorite youtuber.
What a great bromance!
Loved the ending! Got my thumbs up.
and by doing so payed 0% on taxes. US capitalism at its finest.
Hahaha My heart will go on!!! Awesome! 👏🏼👏🏼👏🏼
OMG, the first 10 1/2 mins. were great, but the Titanic scene at the end had me rolling on the floor! Classic Big Dog!
Nobody does it better...nobody
DUDE! you, simply put, Rock! best UA-cam finance channel out there right now plz keep it up !!
Thank you Proffesor 🙏🏻
Good work.
The world culture comes from the Latin word colere which means to cultivate or nourish.
I have to agree. When Amazon raised the minimum wage. My company, a competitor in one aspect of Amazon's business, my wage increased.
I made way above minimum wage, but my company decided to increase the starting salaries to $15 which then trickled up to those of us who make way more. Thanks Bezos! God bless capitalist!
Very funny and Always entertaining.
Sometimes the UA-cam algorithm does wonderful things. I've missed you Professor Galloway since you stopped doing those quirky but brilliant weekly videos about business. The last time I saw you, you were sending goats to Africa. Yeah, that long. Subbed.
I am still not fan of Amazon. Taking investors money to sell certain products at a loss just to ruin the competition seems just too douchie for me to forget. Not saying they didn’t play the long game well, but as former vendor on Amazon I can tell you the douchie and slightly arrogant behavior runs deep. I prefer Shopify which btw. Is getting into fulfillment...
Sadly, that's the majority of the retail space. Before Amazon, there was Walmart, Dollar General, Sears, etc.
4:05 didn't think you'd be salty too Scott 😂😂
A bromance for the century! 🤣
whoever came up with that Titanic bit at the end deserves a promotion 🤣🤣🤣🤣🤣
so so so good, love it, thank you
powerful video!
I wish I had you as my professor, what amazing content and titanic ending!
I don't get why your channel only has 70k+ subs??
Big fan Scott! Just bought your new book! Great read so far.
From the very person predicted WholeFoods acquisition, the journey goes on Professor. Nice touch on the bromance at the end there :)
The day after that acquisition was finalized I went into Whole Foods in Venice Beach and asked one of the employees if anything had changed. He said the only thing he noticed was that employees could no longer own stock if they wanted to keep their jobs.
I knew that was only the beginning of worse things to come.
People have got to stop worshiping this bag of dicks.
LOL> that Titanic endinng tho.
Semi related to playing the long game: the fire phone was killed too early.
A Fire Phone 6 Pro, with Alexa and free Prime etc, with it's own app ecosystem??
(Tbh the ecosystem when used on the BlackBerry Passport was pretty good, but that's, as someone once said, another talk show).
Anyway, Fire phones died too soon, rip
Would've caused more anti trust though, but i do see your point here.
@@noam45629 I dunno, having a "third ecosystem" would be great cloud cover
Great video 👌
Fyi, The term "cult" derives from the French term culte, meaning worship which in reality originated from the latin word cultus...
Kudos for puckering up 😉!
Greatest exit ever
Strong culture and highly monogamous employees ... probably not a coincidence
YO. HAHAHAHHAh you killin me hahahh @5:53 ahahahahaha i could watch this all day.
Impressive!!
"Again, I live in Florida." OMG, lolz.
One smart guy.
Awesome!
This reminds remains me of my 8th grade science teacher who thought cold fusion came from space.
5:50-5:56 had me rolling
(Slow clap) Well well well... I don't think I have ever seen an @$$ smooching like that before lol.
So you like Bezos? Also! Also! nice shirt and tie!
You will need some lipstick balm after this Prof. But yes, the guy is an evil genius. So smart that he leaves the company when government, rightfully, will start to grill Amazon's guts.
crying at the end 😭🤣
I had a Fire Phone...I liked it,. Then I got a Windows Phone...I liked it too. But NO, the 'Market', the evil 'Big-Tekkers', the Cooks & the Koreans had to 'FF'up my phone enjoyment.
But I digress...after I saw the Titanic ending...I'm shaving my head...off. Professor, I luv ya, but the things you show that just can't be unseen....
Could you please address what will happen with the housing market in the next year or two, in an upcoming shoe? Thank you.
Timing is everything. I'm old enough to remember the Sears mail order catalog (sigh) so what Bezos did was not a NEW idea. However with the advances in technology such as satellite nevagatoon and cell phones he was able to take advantage of technologies that didn't exist in the 70' s.This gave him efficiencies which Sears didn't have otherwise Sears would be what Amozon is today. However what he glosses over is Amozons most profitable business center is AWS which everyone from the Department of defense to Netflix uses. The fulfillment centers are no more profitable on a dollar for dollar basis than Ebay. I use Amozon they're like a drug you can't get around buying on thier site. However they and other e commerce businesses all use government satellites which no e commerce business pays a dime for. Couple this with the fact they paid no taxes and thier workers don't have enough time to take a bathroom break and I hold my nose and go ahead and order. All things considered you have to give Bezos his due.He really did build the better mouse trap. He is the archetypal capitalist.
He mentioned why they didn't pay taxes. They took their net revenue and invested it back into the business as a long term strategy.
@@BTrain-is8ch I wasn't saying he didn't mention it. The point I was attempting to make is about thier questionable business practices. Short breaks, no unions and tax dodging being one of them.
@@gt-gu7rb Reinvesting your net revenue back into your business and ending up with no profit to be taxed isn't "tax dodging". It's a valid business strategy.
People complain that public companies are always focused on short term profits then complain when a giant one took a longer term view too. Which is it?
@@BTrain-is8ch You go to your church. I'll go to mine.
Humans don’t spend money, money spends humans.
This video is one of my best, as it shows to some fundamental level, there is always art and esthetics to this shit, despite the levels of damage involved. Romanticism lives on....
The end had me laughing my ass off
"In order to innovate, you have to be willing to perform infanticide..." hahahah oh my god
Don't day trade! 🤣 love it!
Hey Scott how do you feel about the Amazon employee deaths during the recent tornados. Bezos was AWOL as his employees families were grieving. Billionaires should be outlawed.
There's bullish and then there's bow of the Titanic bullish.
HAHAHAHA thank you for this end hahahahaah
I study a lot of great entrepreneurs such as Bill gates, Elon musk and Steve Jobs. Perhaps the most consequential thing I learned and apply to my business was Bezos' strategy of customer obsession. He spoke about how Google is engineering obsessed, Apple is design obsessed. My company is user experience obsessed. Thanks Jeff.
Great insight, thank you for sharing.
Scott made this video 10 minutes long because he knows that's how long Amazon warehouse workers have for lunch breaks
And they'd *still* have to watch it in 2 parts!
Love the Publix mention. I'd loot them for a #pubsub
Why hate day trsding?
He should have gotten way more shit for stealing tips from Flex drivers. I open with this because no amount of genius justifies this sort of abuse of already poor people.
While I am in awe of Jeff Bezos’s business acumen, long-term (TRULY long-term) view, and relentless drive, that got him to build a machine as formidable as Amazon, I cannot help but worry that he will bring his psychopathic philosophy to bear on the rest of the world and in other sectors.
While we’d all likely benefit from replacing powerpoints with six-pagers, the Amazon way is that of deep, fulfilling work for a minority and low-paid, robotic, mercilessly monitored gig work for everyone else. It’s unstoppable growth for one company, subsidised by the AWS money printer, and suffocation for everyone else. It’s tax-dodging and shameless beggaring of even more tax breaks from cities and states.
Bezos has said he wants to see a population of trillions of people, so that we can birth a million Einsteins. What kind of life the non-Einsteins will lead is not a real concern for him, apparently.
“Free delivery” comes at an unacceptable cost. Boycott Amazon.
It's the lack of hair isn't it lol?
Prof scoty GallowY for for bezos before he was against it.
Jeff’s next goal: get plebs off the Earth so that the rich can enjoy an unspoiled ecosystem.
Bezos for president 2024
Wake up. Nobody. Nobody does this alone.
Bezos w the help of CIA, DARPA, NASA, NSA, and US Military.
Am I the only one looking at here for bezos comment
It's the hair😅
Yoohooo!
I thought lesson 3 was going to be: don’t live in fucking Florida
Buy , Invest and Trade in Crypto Currency Especially Bitcoin.
I will Refer You to my Trading/financial analyst on Whatsap
What-sap
+1. 4. 8. 0. 8. 4. 2. 8. 2. 2. 0 ⬇️
Break it up
totally brilliant guy from the perspective of our narcissist praising, money chasing society 💰👏 make next video about workers abuse, 10 hours night time shift, bottle peeing and hazardous pay. did it worth it? tell us, please, do you really feel good about society where a man who hurt people badly for years yet praised as an outstanding leader and a visionary?
First 😊
Jeff Bezos: Salesman of the month for Red China...
That and Amazon has everything from A to Z
If you made 225K every day for 2021 years you would still be 16 Donald Trumps away from Jeff Bezos.... allegedly 🤣. Simply astonishing
What about Elon M.
why is 48 hours shipping an iq test?
I think he was implying that it's a no-brainer choice, that you would be an idiot not to use it. I'm not saying I agree, but I think that's what he was implying.
That was some cringe level white washing praise of the company that summarizes pretty much all of the flaws of the monopolistic nature of capitalism.
Praising capitalism while praising the worst example of it on a systemic level is pretty off.
comment
Are you kidding me??? Is this video for REAL??? This video has to be a JOKE!!!
I think if you stop cursing, your subs will grow. I passed on your channel a year ago, now I remember why.
I stopped watching at "Capitalism is the best system in the world"
;-)
Elon Musk is still better.
Bezos has changed the way we do shopping,
Musk is changing the World.
Just remember, for many, no wage rate is enough. Unless someone is perfectly happy in their job, they are being exploited.
Slavery is in fact very profitable.
One smart guy.