IN THIS EPISODE, YOU'LL LEARN:00:02:34 - How Jeff Bezos came to discover the incredible opportunities on the Internet in the early 1990s.00:09:58 - How the regret minimization framework led Bezos to starting Amazon.00:17:08 - How Amazon lost hundreds of millions of dollars from poor investments during the tech bubble.00:33:28 - Amazon’s five core values.00:46:30 - Why many companies were reluctant, yet eventually forced to work with Amazon to remain competitive.00:47:45 - How Costco’s business model inspired Bezos to release Amazon Prime and keep his commitment to low prices.00:56:48 - How AWS was created and the importance of it in Amazon’s continued success.01:02:33 - Clay’s biggest takeaways from studying Jeff Bezos.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaires' episode covering The Airbnb Story.Learn about the How to Hedge Inflation.Brad Stone’s two interviews with The Investor’s Podcast - TIP142 & TIP362.Brad Stone’s books - The Everything Store, Amazon Unbound, & The Upstarts.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSMonitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.Get personalized, expert advice that helps you see things clearly with ATB.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.In a world of probabilities, trade the possibilities with Pepperstone.If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Be an Atakama investor today and help protect customer privacy in the face of endlessly growing data breaches.Send, spend, and receive money around the world easily with Wise.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really