What To Glean From Jeff Bezos’ Annual Shareholder Letter

Amazon on Wednesday released the annual letter CEO Jeff Bezos writes to shareholders. It has supplanted Warren Buffett's yearly investment update as the seminal tract for entrepreneurs, executives, and anyone who generally cares about business excellence--or the latest at Amazon.

It's a long essay, chock-full of carefully selected details of Amazon's business. It also includes the hardy perennial crop of management advice from Bezos that is both common sense and best-practices gold simply...

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