The price of originality

Commentarya month ago
This week, former Amazon CEO Jeff Bezos released his final letter to shareholders. As usual, it didn't disappoint.
Jeff's shareholders letters have been amongst the most closely followed in the investment community because of their depth of wisdom and relentless focus on principles of long-term value creation.
What we found most interesting in this year's letter was his remarks on the notion of originality - and how it must be relentlessly pursued, or run the risk of being normalized away by external forces:
"We all know that distinctiveness – originality – is valuable. We are all taught to “be yourself.” What I’m really asking you to do is to embrace and be realistic about how much energy it takes to maintain that distinctiveness. The world wants you to be typical – in a thousand ways, it pulls at you. Don’t let it happen."
We think this is an extremely important point that is illustrated all the time in the world of business and investing. Innovative disrupters slowly transform into the very incumbents they displaced. "Contrarian" investors suddenly rush to the safety of the herd as soon as the market's tide goes out. The list goes on.
Market environments have a tendency to normalize and mean revert the participants within them. Maintaining a culture and psychology that pushes back against that tendency is not easy.
Perhaps that's why for all the changes Amazon has gone through since its late 90s founding, Bezos has consistently emphasized the idea that "it remains day 1" in each and every one of his shareholder letters.
We encourage you to read the full letter for more details on the principles that have helped fuel Amazon's success.  For the full letter, head to the link above.

Become a Titan investor today.

Titan Invest is an SEC registered investment adviser. By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Refer to Titan Invest’s Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 110 Greene Street, Suite 910, New York, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
© Copyright 2020 Whisker Technologies, Inc. All rights reserved.