"Attention is the scarce commodity of the late 20th century"
(but also the early 21st)
"Errors of omission are greater than errors of commission"
(also said by Bill Gross from Pimco in relation to his utter failure to invest with Berkshire Hathaway)
"Stress comes from ignoring things that you shouldn't be ignoring - and not from working"
(don't worry about something while not doing anything about it)
"Always plan for the L O N G T E R M goal"
(I am only powering up...)
The above is simply excellent. Jeff teaches us excellent lessons in these videos. If you work at a job, or have your own business, these videos may change your point of view. Please find the related videos here:
I hope you have enjoyed these treasures - Keep your steemit.com posts rolling!
Your friend,
While I'm not a fan of Bezos I must agree that these are all excellent advice.
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I disliked Jeff Bezos for 20 years. It cost me a fortune! Opportunity cost. The cost of missing that opportunity was atleast 10 million dollars. So, why should I continue to miss it? If you look at the very oldest videos with him, you can see that his clothes don't even fit. He is a real hardworking 100% business guy, and he is an excellent learner. If you check the richest people in USA list, it starts with Bill Gates, second is Jeff Bezos, and third is Warren Buffett. Jeff worked himself to that position from nothing. Which is far more than I have managed to do.
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Have Now known much on bezos and one could say the same warren and munger being child of depression era had much tougher walking into USA list. Bezos has credit inflation wave benefit mor than people who came earlier.
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Good to see you here buddy.
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How did it cost you an opportunity? In my view, disliking Bezos as he is now has nothing to do with the business end of things. I still have an affiliate acct with Amazon. Business isn't personal. Not dismissing his achievements, just think his rise to riches loosened a few major screws in his head.
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Please explain his loose screws that you see.
I didn't invest the money I had available at the time. I invested it in Ballard Power, Comroad, Met@Box and CargoLifter. I lost all my money. Had I given it to Jeff it would have been worth atleast 10 Million Dollars today. That is what you call "opportunity cost". You probably just dislike Jeff's face and behaviour. I had the same problem... Don't judge a book by its cover!
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You can't predict what initiative is going to be the biggest earner. If you could you'd be psychic. Sometimes you can predict based on the past conduct of an entrepreneur -- if they're known for raising funds and wasting them then there's a good chance they'll just keep doing that.
As a man I don't judge other men by their face. What I mean is I had nothing against him until recently, when he started posting things that are make evident of his personal delusions. He thinks he's the elite and has the ability to impact whole civilizations. I posted about it actually. He's a rich guy, I give him that. He created a profitable and valuable service, I give him that. I respect that. What I don't respect is the notion that he (in his opinion) has and thus more importantly, should have, the ability to impact the lives of huge masses of people on the civilization level. That type of delusions make it very difficult to have faith in him and trust his level of rationality.
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Nope, I knew it. You see, I had already been using Amazon back in 2000, and was very satisfied since I could get English books without any hassle in Germany. All those other companies, well, I didn't ever see or touch their products. They were scammers, just like 95% of the stock market, bullshitting companies leveraging themselves from one bond to the next and got NOTHING to show for.
Don't you think he has already impacted civilization? I sell about 50% of my company products via Amazon - I mean it's a real rip-off and expensive, they are earning themselves silly - but Amazon itself has changed things, hasn't it? Maybe that made all his screws fall out...
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They expanded from books to everything else at record speed. The growth is probably due to drop shipping.
I think his work impacted a temporal segment of society but not civilization. Just the same as how Walmart and McDonalds impacted society. The destruction of the Mayans impacted civilization. In comparison, Bezos is just another node on the greater impact of the technology roadmap.
We'll see what he does next.
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Sounds like great advice to live by thanks for sharing.
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You're welcome buddy.
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The last two statements are so true.
"Stress comes from ignoring things that you shouldn't be ignoring - and not from working" - Most of the time when thing won't work the way we want is because of ignoring the details within that task. We just keep regretting than really working around a problem. This applies completely to me.
"Always plan for the L O N G T E R M goal" - I never had long term financial goals until I got married. Though it's better to be late than sorry. Though crypto has been around to achieve this part of my life. I will power up too as the journey continues.
As we grow we start recognizing the importance of these facts. We can save our self until we realize it and act upon it. God bless all...
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All the statements are so true for my life. For many years I couldn't accept Jeff. All the financial reports indicating he is going to implode. His looks. Etc. Amazon is a business that really works. My family has ordered many goods from Amazon. The service is excellent. Not investing with Jeff in 2000 cost me too much. And living in my own "denial", that is just the worst. I sold my Tesla shares at 105,-- USD. I purchased them again at 230,-- USD. It is the same story. Everybody saying it's full of debt - but heeeeey, drive a Tesla Model S, and you know, this thing is a game changer - My prognosis is that Elon Musk will be the richest man alive within 15 years.
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