this post was submitted on 25 Nov 2023
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He was VP of a hedge fund, and assigned the project of investigating the potential of online commerce on the nascent Web by the company. He did so, and concluded that there was enormous potential, but after his report, the company decided to pass on it.
Clearly, he was right about the potential. If he'd been better at his job/more persuasive, D.E. Shaw & Co. would have invested in the Web, and he would not have had reason to leave and start Amazon.
That's a pretty stupid conclusion to draw. You have no idea why the hedge fund passed on the investment, and the only reason you conclude it's because Bezos was bad at his job is because you personally don't like him. And more to the point, because you want to get upvoted in this thread.
It's just an amateurish, embarrassing argument. If you want to skewer billionaires there are plenty of legitimate gripes, but it's self-evident that most billionaires are pretty damn good at their jobs, hence the success. Sure they're also lucky and privileged, but there are tons of other people with the same privileges that accomplish nothing.
This meme is just pure brain rot tbh. Do better Lemmy ๐ค
I don't know who or what hurt you, but I hope tomorrow is better.
Fuck off bootlicker
Ha ha. Clearly the avg lemmy user is inexperienced or business ignorant. The site does lean heavy Marxist, which says plenty of their reasoning skills. I was thinking the same thing as you and you're getting skewered for it. Hedge funds are not looking for a 20+ year ROI, which is what it took Bezos. That's the simplest answer I can think of, but I'm sure there's plenty more reasons they didn't think young Bezos' idea was worth throwing millions at.
Bud you think China is going to try to invade Taiwan, maybe you need some marxism in your life.
Or you could keep being uneducated to the point of gullibility, your choice.
I bet D.E. Shaw & Co. Are kicking themselves right now lol.