Charlie Rose: Jeff Bezos, The Ultimate Disrupter

Charlie RoseGreat interview with Amazon’s Jeff Bezos.

He was recently named Fortune’s 2012 Businessperson of the Year.   Listen and you’ll begin to understand why the market gives Amazon’s stock such a high multiple.

Bezos, a computer science and electrical engineer graduate from Princeton,  first went to Wall Street to work for David Shaw’s quantitative hedge fund.   He “programmed the computers, which made the trades.”

He says Amazon likes to think of itself as inventors and is about three big ideas: 1) long-term thinking;  2) customer obsession;  and 3) the willingness to invent.   Bezos warns the  Stuxnet computer virus was a huge wake up call as it illustrates malware can actucally destroy physical infrastructure.

He thinks the “anything you do for profit model” is preferable to nonprofits, such as government, because the model is self sustaining.  If the same competitive zeal could be applied to educational software,  for example, the country’s education system would be greatly disrupted.  Exactly what we need, no?

The interview took place November 16, 2012.   Fascinating interview.  Have a listen.

Click here for full interview. 

Dec10_Bezos

(click here if picture is not observable)

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