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Show Notes:
Long-term thinking and ownership in a shareholder letter from 2003. 0:10
Amazon's 2003 letter highlights the importance of long-term thinking for owners vs. short-term tenants.
Prioritizing customer experience at Amazon. 1:11
Jeff Bezos emphasizes long-term views in customer experience decisions, prioritizing what's best for Amazon as a whole.
Customer experience improvements and pricing strategy for long-term growth. 2:40
Bezos highlights the importance of focusing on the long-term interests of customers and shareholders, as their interests are aligned.
Amazon's pricing strategy aims to drive maximum value for customers, resulting in a larger bottom line in the long term.