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“You can't just go by reported earnings. The true economic earnings of Amazon are significantly higher than reported earnings.”
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More from Sanjay Bakshi
Opinion
Bakshi: India's E-Commerce Sector is a Cash-Burning, Venture-Funded Bubble
“And we're seeing that in India. We have an e-commerce bubble going on. There are three or four players, and they are essentially giving huge discounts to consumers, to purchase their products, and to not go to bricks and mortar stores, and people are doing tha…”
Bakshi: True Long-Term Thinking Is Impossible Without Financial Independence
“I think it's important to think really long term, and you can't do that unless you're financially independent. That's one of the big lessons that I have for my students. Is that the first thing that they need to get is financial independence. Once they have th…”
Bakshi: Intuitive, Design-Driven Founders Require a Proven Track Record to Spot
“You can't spot these people at the beginning of their careers. You can spot them maybe in the middle of their careers. So there has to be past track record of somebody who's intuitive and right over and over again. Once you found that, that's based, based on a…”
Bakshi: Opportunity Costs Dictate Shutting Down Underperforming Businesses Earlier Than Expected
“Ah, but if you study Charlie, and if you study Warren Buffett's life, you'll find out that actually you should shut it down well before when it makes sense for you to shut it down, because you have to think about opportunity costs.”
Bakshi: Berkshire's Refusal to Sell Underperforming Businesses Creates a Reputational Moat
“Even though in the short term, it might cost Berkshire some money, in the long run, it has created a huge reputational advantage for them and of course, that has helped Berkshire.”
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