literally everyone in my network who has been to multiple international destinations speak very highly of south africa. for all of them, it is their favourite trip ever. like how?!
Jeff Bezos explains the “releasing the work” framework he used to build Amazon
In the early days of Amazon, Jeff Bezos had too many ideas.
Then Jeff Wilke, a new Amazon executive at the time, told his boss, “Jeff, you have enough ideas to destroy Amazon.”
“This was just a shocking idea for me,” Bezos recalls. “As a founder, I had the great luxury of always being able to hire my tutors. I would hire these experienced, senior executives . . . And I would listen to them and they would teach me.”
When Bezos asked Wilke what he meant by this, Wilke responded, “You have to release the work at the right rate so that the organization can accept it.”
Bezos reflects on this point:
“Every time I released an idea, I was creating a backlog of work in process. And because it was just stacking up, it was adding no value. In fact, it was creating distraction . . . This sounds so obvious, but it was not obvious to me at the time. And this was a profound insight for me. So I started prioritizing the ideas better, keeping lists of them, and keeping ideas to myself until the organization was ready for the ideas.”
He continues:
“I also started figuring out how to build an organization that can be ready for more ideas. That’s about having the right senior team and leadership and giving those people the executive bandwidth so they could do more ideas per unit of time. And that is what we built. We built a company that’s very good at inventing and doing more than one thing at a time. And as the company gets bigger, you do want to be able to do more than one thing at a time. But that idea of ‘releasing the work’ was very profound for me. It made us operationally more effective while still being inventive.”
Video source: @Reuters (2025)
The beauty of boring!
What a wonderful letter by Neville Noronha in DMart’s annual letter.
Having had the pleasure of knowing him, I can vouch for everything he’s written and stands for.
Among of the rarest of all business leaders we have :)
Must read :)
Met late Mr. Parag Parikh’s wife, Raj Mehta and their team during the last FOF session, so humble and simple! Was lucky to meet @oraunak as well few weeks back.
The values echo till date in their conduct and across their organisation. It’s a pleasure to be associated with them.
12 years ago, I walked into a hall at Gateway Hotel, Bangalore, for a PPFAS roadshow.
An email had landed in my inbox about the launch of their NFO — Parag Parikh Long Term Equity (now Flexi Cap). As a fan who had his FoF videos on loop, how could I miss it?
As I stepped in, Mr. Parag Parikh himself walked up with a smile: "Hi, I am Parag Parikh." I was star-struck. Lost for words.
The session with Parag Sir and Rajeev Thakkar was inspiring — simple, honest, full of wisdom.
Later, during dinner, in between "kya lagta hai bazaar ka" conversations, I met @npparikh6 too. He explained why gold still holds its place for the long run.
A day etched in memory. The SIP I started in PPFAS back then is still running to this day.
Thank you, @PPFAS team — for inspiring a generation of investors.
@hktg13 The taxation question was from a perspective that hypothetically what if mutual funds weren’t pass through, apologies missed mentioning that. The question came from the bias that ‘buy and hold’ won’t be bad especially when most of the industry is expecting a sideways market.
Every investor has a ‘gut’ feeling always! Somehow haven’t heard any one talk about it as much!
May be counter intuitive to the qualities that need to be possessed of ‘reasoning, reading and analysis’.
Lots of decisions are a combination of IQ and EQ. Gut is EQ!
I can see that the competition is not there for “thinkers” in todays world.
I can feel the difference in my own thinking process as soon as I left the noise behind.
A better thinker is a better investor…
@hktg13 Was enlightening to listen to you yesterday at TIA, really insightful! Please do keep sharing your knowledge at such forums often Harish sir! 😁
Thank you!
In 2016-17, decade bet was AMC Insurance
In 2017 peak, decade bet was SME
In 2018-20, decade bet was HDFC, Kotak, AP
In 2020-21, decade bet was platform
In 2021-22, decade bet was chemical
Now, decade bet is defense, data center, water etc etc.
It's not important what is decade bet.
What important is how much of the decade is factored in current price and what are the risks you have not yet factored
@riteshmjn Still remember your video sharing insights about the wage differential between a CEO and factory worker over the past 40 years and how it’s time for mean reversion and tides to turn. Thank you so much again, pls keep sharing! 😁
@riteshmjn You have shared a lot of insights on this macro theme, thank you so much.
One thing I have observed is so many companies are investing money for their own captive use. Be it thermal, solar. They’re literally buying stakes or completely buying out plants.
Pls keep sharing! 😁
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