Where it began
Capital Thinking • Issue #122 • View online
Jeff Bezos:
“I care very much about our share owners, and so I care very much about our long term share price.
I do not follow the stock on a daily basis, and I don’t think there’s any information in it.
Benjamin Graham said, “In the short term, the stock market is a voting machine. In the long term, it’s a weighing machine.”
And we try to build a company that wants to be weighed and not voted upon.”
These days Amazon touches nearly everyone, everywhere. And that’s just how Jeff Bezos planned it all those years ago.
He laid those plans out early and talked about them often. What’s more, he wrote about them. Extensively.
Jean-Louis Gassee, a man who’s spent more than a little time around the Valley, gives us a little insight into those letters here.