Andrew Marks: Amazon proves great founders trump static business models
Andrew Marks · Howard Marks & Andrew Marks: Something of Value · Acquired · Aug 30, 2022 · at 13:36
Andrew Marks contrasts Warren Buffett's preference for business models over management with Amazon's creation of AWS under Jeff Bezos.
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“And so he sort of talks about the primacy of business model over management, but I think Amazon's a great example of the opposite because You could have never dreamed that if you owned Amazon when the story was about growing as a retailer, you could have never dreamed of AWS. That shows what happens when you bet on an amazing founder who can leverage their business to create value in really compelling other ways.”
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