https://player.vimeo.com/video/651973643?h=0ce25337e6
How do you explain the fact that Jeff Bezos/Amazon makes 5 billion+ per week and there is someone somewhere who can’t afford the pack of cigarettes that he is addicted to?
How do you explain the distance between these two realities?
It certainly isn’t the level of brightness, it certainly isn’t the environment that they grew up in, it certainly isn’t the difference in the amount of work that they put in, it certainly isn’t the level of discipline between both of them.
Although all these matters and definitely have some level of impact on the disparity between Bezos & the guy who can’t afford a pack of cigarettes.
I personally think it comes down to the DECISIONS they made + a bit of luck/bad luck.
One example of an incredible decision from Amazon: When amazon was growing, Bezos decided to reinvest all the profit within the business and not be profitable.
He used the revenue to invest in building the infrastructure of products/services Amazon needed to successfully run.
Instead of doing what most business owners do which is take profits out of the business and go buy a Lambo, he decided to allocate capital in starting new departments like AWS which provides on-demand cloud computing platforms and APIs to a lot of people, businesses, governments, etc - currently generating over 40 billion dollars and being the largest source of operating profits.