Amazon

📦 Overview

Amazon is a massive multinational technology and e-commerce company founded by Jeff Bezos.

📅 Timeline of Affiliation

2017: The Error of Omission

• At the 2017 Annual Meeting, Buffett was asked about Amazon's disruptive power.
• Buffett admitted that he was "too dumb to realize what was going to happen" and had completely underestimated the scale of Amazon's success, particularly in cloud computing (AWS).
• He praised Jeff Bezos's brilliance and acknowledged that he had failed to recognize the transition Amazon would make from a retail operation to a disruptive tech titan.
• Source: 2017 Meeting

🔗 Links

• Entities: Warren Buffett
• Concepts: Circle of Competence, Errors of Omission, The Moat
• Sources: 2017 Meeting