The Most Important Investment Lesson from Jeff Bezos, TESLA and the ZOOM fact!

The Most Important Investment Lesson from Jeff Bezos, TESLA and the ZOOM fact! The Most Important Investment Lesson from Jeff Bezos, TESLA and the ZOOM fact! Jeff Bezos, founding CEO of Amazon (NASDAQ: AMZN), is one of the most admired leaders in the business world. In recent years, Bezos has transformed Amazon from an online bookstore to a leading technology giant in cloud systems, computing, voice-enabled technology and logistics. As a result, Amazon is currently worth $ 1.5 trillion and Bezos is the richest person in the world. While there is no doubt about his business acumen, his thinking as an investor is rarely pointed out. However, the recently published Invent & Wander: The Collected Writings of Jeff Bezos represents Bezos' most comprehensive collection of ideas on a wide variety of topics. In fact, the title itself suffices to summarize the core philosophy of innovation and experimentation at Amazon. There is a recurring theme about Jeff Bezos' approach to things as an investor and CEO. Missionary vs. Mercenary In the introduction to the book, Walter Isaacson discusses Bezos and his thoughts on leadership and a potential acquisition. Bezos says: I always try to understand one thing above all: Is this person a missionary or a mercenary? Mercenaries are trying to decorate their shares. Missionaries love their products or services. They also value their customers and try to build a great service in this direction. At the end of the day, it is a big paradox that those who make more money are usually missionaries. Amazon's biggest acquisition was Whole Foods, which was $ 13.7 billion in 2017. Anyone familiar with Whole Foods and its founder, John Mackey, probably knows Mackey's passion for clean food. He founded Whole Foods in Texas in the 1980s when healthy eating wasn't quite up to speed. Even today, Whole Foods doesn't sell products like Coca-Cola or Cheerios. They have a long list of banned ingredients in their stores, a practice they have done with a mission to offer only the highest quality food and set standards of excellence among food retailers. Whole Foods, an independent supermarket chain, has regularly used the best of the competition in terms of growth and profitability.   Detailing for day traders; There are a number of lessons investors can learn from Bezos' focus on missionaries rather than mercenaries: It should be noted that Bezos himself is a true missionary, obsessed with customer satisfaction, developing, inventing and experimenting with new technology. The biggest implication is that investors should start by focusing on companies led by the founders, as it has been observed that they create differences with other stocks that are hard to close. Entrepreneurs are probably the most passionate about their business, as they market their ideas and work. Bezos himself is a great example of why you should invest in founder-led companies. However, below are two other missionary-led companies that have achieved record-breaking results.   Tesla (NASDAQ: TSLA) Tesla (NASDAQ: TSLA) CEO Elon Musk is technically not the founder of Tesla. However, he was retrospectively named co-founder and led the company from its earliest days. Musk also seems responsible for the evolution of the electric vehicle revolution more than anyone else. We are almost at a crossroads in the transition from combustion vehicles to electric cars. Musk's personality is actually a big part of the feel that surrounds Tesla. The stock, the brand, the vehicles, and under his guidance, the company built a high-performance electric car, accomplishing what few once thought possible. Musk is now one of the wealthiest people in the world, but he's still motivated by expanding the boundaries of engineering at both Tesla and space research firm SpaceX. He also saw the climate crisis as a challenge and called on Detroit automakers to accelerate their transition to electric vehicles. Zoom Video Communications (NASDAQ: ZM) Eric Yuan, founder and CEO of Zoom Video Communications (NASDAQ: ZM), has one of the most interesting biographies on the market. Born and raised in China, Yuan has been denied a US work visa application eight times. Yuan, whose English was very poor at that time, was a powerful coder. It didn't take time for him to rise in WebEx and then Cisco. The idea of ​​creating a better video communication platform than commercially available platforms did not attract attention by Cisco. And that's how Zoom was born. When he founded the company, Yuan recruited 40 Cisco engineers as a result of his leadership abilities. Zoom has become a virtual beneficial platform during the pandemic. In the following period, it became inevitable for Zoom to become the dominant video conferencing platform in the market, ahead of the technology giants. In an interview with Miami University, Yuan explained how he came to his enlightenment about employee happiness: “When I founded the company, my priority as CEO was not the customer, product or service, but the happiness of our employees. If I can make my employees happy, we can make our customers happy together.” It should come as no surprise that Glassdoor's CEO of the year award given to Yuan in 2018, and that the company is among the Top 5 companies to be worked with for 2018 and 2019. In addition to browsing for founder-led companies and using Glassdoor ratings for insights into corporate culture, it's also worth considering the company's mission.   Amazon's mission to become the world's best customer-focused company In addition to using Glassdoor ratings to scan founder-led companies and gain insight into corporate culture, it is also necessary to consider the company's mission. Mission-oriented companies tend to outperform others because purpose solidifies corporate culture. It helps management find employees who are truly committed to these goals. Amazon's mission to become the world's best customer-focused company is an important reason for its success, as the company sees opportunities to improve customers' lives and moves into new lines of business independently. This perspective has led the company into entirely new lines of business where it sees opportunities to make life better for its customers. And this mission focus worked: Amazon ranks among the top companies in customer satisfaction, according to a series of surveys. Customer trust is undoubtedly one of the biggest factors of the company's success. “Customer privilege is our most valuable asset,” Bezos said in a shareholder letter in the past.   Source: https://www.fool.com/ You may also be interested in: An Agreement was Reached on Incentive Package in the USA