Some amazing takeaways from @JeffBezos annual letter:
1) 28% of purchases on $AMZN are completed in less than 3min (!!).
2) 50% of purchases on $AMZN are completed in less than 15min.
3) Research suggests going to an offline store to do the same task takes 1 hour.
This is a story about how I lost $10,000,000 by doing something stupid.
Ten. Million. Dollars.
Literally up in smoke. Money bonfire.
That’s enough to retire with $250,000+ in annual income.
Here’s what happened…