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Amazon is actually defined by long-term thinking, which was heavily criticized for over a decade while their stock remained flat. It's hard to imagine now, but

by Reedx 7y ago

Amazon is actually defined by long-term thinking, which was heavily criticized for over a decade while their stock remained flat. It's hard to imagine now, but people didn't really believe in the company until about 2009. Jeff Bezos' letter to shareholders, 1997: It's All About the Long Term Because of our emphasis on the long term, we may make decisions and weigh tradeoffs differently than some companies... We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions. https://blog.aboutamazon.com/company-news/amazons-original-1997-letter-to-shareholders https://blog.aboutamazon.com/company-news/amazons-original-1...

capableweb 7y ago
This seems pretty standard when you ask executives at any company. Of course no executive is gonna go straight out and say they don't care about the long-term, only about short-term profitability. > Hey Joe, does your company emphasis on the long term or short-term profitability? > Joe: What a good question! We at ACME AB of course favor long-term sustainability rather than short-term profitability > How about letting your warehouse workers go to the bathroom whenever they want? > Joe: well, our long-term plan depends on short-term profitability so of course people can't go to the bathroom whenever they want, they should have a allocated slot for that. Point being: look at the actions of a company rather than the words of the owners/workers, and you'll get a much more real picture.
- lonelappde 7y ago
  How about you start by taking a look at Amazon's 25 year history of long term growth at the expense of negative short term profit?
- kjs3 7y ago
  You mean like eschewing short term pandering to the market and massively reinvesting in the company? Like they've done for years. So, yes, Amazon thinks long term.

by Reedx 7y ago

capableweb 7y ago

This seems pretty standard when you ask executives at any company. Of course no executive is gonna go straight out and say they don't care about the long-term, only about short-term profitability. > Hey Joe, does your company emphasis on the long term or short-term profitability? > Joe: What a good question! We at ACME AB of course favor long-term sustainability rather than short-term profitability > How about letting your warehouse workers go to the bathroom whenever they want? > Joe: well, our long-term plan depends on short-term profitability so of course people can't go to the bathroom whenever they want, they should have a allocated slot for that. Point being: look at the actions of a company rather than the words of the owners/workers, and you'll get a much more real picture.

lonelappde 7y ago
How about you start by taking a look at Amazon's 25 year history of long term growth at the expense of negative short term profit?
kjs3 7y ago
You mean like eschewing short term pandering to the market and massively reinvesting in the company? Like they've done for years. So, yes, Amazon thinks long term.