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“The diversity of products demands that we employ modern regression techniques like trained random forests of decision trees to flexibly incorporate thousands o
by DSingularity 7y ago
“The diversity of products demands that we employ modern regression techniques like trained random forests of decision trees to flexibly incorporate thousands of product attributes at rank time….Now, if the eyes of some shareowners dutifully reading this letter are by this point glazing over, I will awaken you by pointing out that, in my opinion, these techniques are not idly pursued — they lead directly to free cash flow.”
I often myself hating Amazon for what I see as a potentially cancerous machine of economic consolidation. Still, can't help but appreciate this mans vision. Very prescient of him. I find stepping back to get a systematic view of things extremely difficult. The box really does trap you. Bezos should be praised for his ability to do this with a company and product as large and deep as Amazon. His attention to detail and his ability to synthesize has clearly paid off big for Amazon.