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Jeff's Letters
Preet Anand
23 episodes
1 week ago
An audio narration of Jeff Bezos's annual letters to shareholders. Commentary added. Jeff's letters is a non-commercial production with Preet Anand as its narrator. I'm doing this to make the content of these incredible letters more accessible. My goal is for Jeff, and other authors of incredible letters, to narrate future letters. As a reminder, Jeff Bezos's Annual Letters to Shareholders are the property of Jeff Bezos and Amazon.com Inc.
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Business
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All content for Jeff's Letters is the property of Preet Anand and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
An audio narration of Jeff Bezos's annual letters to shareholders. Commentary added. Jeff's letters is a non-commercial production with Preet Anand as its narrator. I'm doing this to make the content of these incredible letters more accessible. My goal is for Jeff, and other authors of incredible letters, to narrate future letters. As a reminder, Jeff Bezos's Annual Letters to Shareholders are the property of Jeff Bezos and Amazon.com Inc.
Show more...
Business
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2004 Letter - Thinking about Finance
Jeff's Letters
8 minutes 56 seconds
3 years ago
2004 Letter - Thinking about Finance

In this letter, Jeff details why free cash flow per share is the way Amazon measures the value it creates. It's worth reading the letter instead of listening to it because he provides some illustrative tables. 


This letter pairs very well with Warren Buffett's Berkshire Hathaway letter from 2007 that discusses Returns on Invested Capital. 

2004 Amazon letter

2007 Berkshire letter


Also sorry if there's a little bit of skipping. Don't know the cause but I tried to edit out. 

Jeff's Letters
An audio narration of Jeff Bezos's annual letters to shareholders. Commentary added. Jeff's letters is a non-commercial production with Preet Anand as its narrator. I'm doing this to make the content of these incredible letters more accessible. My goal is for Jeff, and other authors of incredible letters, to narrate future letters. As a reminder, Jeff Bezos's Annual Letters to Shareholders are the property of Jeff Bezos and Amazon.com Inc.