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The 2001 Letter. Jeff discusses how Amazon has hit a point where both growth and cost reductions can be funded. Then he details how the relationship between the two of them creates a virtuous loop. It's the beginning of the infamous Flywheel!
Lastly, he reiterates why Amazon focuses on cashflows.
By Preet Anand5
66 ratings
The 2001 Letter. Jeff discusses how Amazon has hit a point where both growth and cost reductions can be funded. Then he details how the relationship between the two of them creates a virtuous loop. It's the beginning of the infamous Flywheel!
Lastly, he reiterates why Amazon focuses on cashflows.