WIXOM, Mich., April 19, 2019 /PRNewswire-PRWeb/
-- Bill Poulos, President and
Co-founder of Profits Run, Inc., recently applauded Jeff Bezos as a CEO despite Amazon's
multi-billion dollar loss. Poulos shared, "On Thursday morning,
Amazon CEO Jeff Bezos warned
investors that the company will likely endure massive, costly
failures in the pursuit of penetrating new markets. In Amazon's
case, failure means success. Because in order to keep growing,
Bezos knows that his company needs to expand its horizons. New
products, new services, new industries – all essential parts of his
business plan going forward. And in pursuit of those new ventures,
Amazon will likely blow through huge piles of cash on projects that
don't work out. They'll not only fail; they'll collapse in
spectacular fashion."
In a recent letter to shareholders
(https://ir.aboutamazon.com/annual-reports), Amazon's CEO
Jeff Bezos, informed investors that
due to new market pursuits the company will most likely suffer a
loss of several billion. In the document, Bezos addressed his
shareholders, "Amazon will be experimenting at the right scale for
a company of our size if we occasionally have multibillion-dollar
failures. We will work hard to make them good bets, but not all
good bets will ultimately pay out."
Applauding Bezos's candor when addressing his shareholders,
Bill Poulos stated, "By showing his
hand, Bezos hopes to prepare investors for losses in new divisions
come earnings season. This time, he's getting out ahead of what
could be some surprising numbers for shareholders, and unlike
Apple's Tim Cook (who published a
similar letter months ago), he's providing insight into what will
keep his company on top of its game. Cook, by comparison, blamed
poor Chinese consumers and Trump's tariffs for their issues. Bezos
did the complete opposite – claiming his company's past and future
failures with pride, using them as fuel to launch AMZN investors to
moonshot gains."
Poulos concluded, "And even if you disagree with the guy
politically, or about how he runs his ant colony-like warehouses,
you've got to admit . . . He's one heck of a CEO, and as long as he
continues to "fail gracefully" in the right places, Amazon looks to
be destined for even more consistent growth.
Amazon was founded in 1994 by Jeff
Bezos. The company started by selling books, shipped
straight from Bezos's garage. In one month, the online retailer
sold books to all 50 states—in addition to 45 countries. Amazon
went public in 1997, selling shares for $18 a piece and raising $54 million. Jeff
Bezos's motto was "Get big fast," and Amazon did just that,
reaching a net worth of one trillion
dollars in September of 2018. Today you can find anything
for sale on Amazon, from furniture to live animals. Amazon has
broken business models and paved their own road to success.
Bill Poulos is an American
investor and retired General Motors Executive. He began trading
stocks in the early seventies. He received his bachelor's degree in
engineering from General Motors Institute while working on the
factory floor. Bill later earned his MBA with an emphasis in
finance from the University of
Michigan. In 2001, he retired from GM after 35 years of
service. That same year he co-founded Profits Run, Inc. with his
son, Gregory Poulos. Poulos is a
published author and regular contributor to Investing.com. Bill and
his wife, Karen, have been married for 50 years. They reside in
Michigan.
About Profits Run, Inc.
Profits Run was founded in 2001 by the father son duo, Bill and Gregory Poulos. The company's name
derives from the popular traders phrase, "Cut your losses and let
your profits run." The company publishes materials on trading
techniques for investing while executing proper risk management.
They have now helped over 150,000 investors. Profits Run is
headquartered in Wixom,
Michigan.
SOURCE Profits Run, Inc.