Unlock Wealth: Must-Watch Video for Financial Success
This article is a summary of a YouTube video "watch this video if you want to get filthy rich." by Matt Shields
TLDR Jeff Bezos's success with Amazon can be attributed to his long-term thinking, customer-centric approach, emphasis on operational excellence, and fostering an inventive culture, while Elon Musk's success is driven by his curiosity and intelligence.
Jeff Bezos's Strategies for Success
Reading Jeff Bezos's Secret Letters to shareholders can provide a glimpse into his futuristic view of the world and his strategies for Amazon's success.
Jeff Bezos' investment of $42 million into a 500-foot tall clock that counts to ten thousand years symbolizes his unusual passion for long-term thinking and patience.
Jeff Bezos' success with Amazon can be attributed to his obsession with serving customers and making the company customer-centric.
Jeff Bezos understood that attracting more third-party sellers to the platform would enhance the customer experience by offering better prices, quality, shipping times, variety, and options.
Jeff Bezos attributes the growth and success of Amazon to consistent unwavering long-term thinking.
Jeff Bezos emphasized the importance of operational excellence in Amazon's success, which contributed to their ability to handle incredible growth and scale.
Importance of Company Culture and Mindset
"What is good for the customer is good for shareholders and not enough entrepreneurs think like that."
Amazon's success can be attributed to their passionate and inventive culture, which has resulted in the creation of successful companies like AWS and Audible.
"If you don't have a culture of people that is inventive in their nature and that is passionate about creating and improving and inventing, then you will fall behind to the company that does." - Emphasizing the importance of fostering an inventive culture to stay ahead in a rapidly changing landscape.
Elon Musk's success is not just due to his intelligence, but also his extraordinary curiosity about how things work and why they are the way they are.