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Expectations Debt · Collab Fund

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I live in Seattle, and Amazon is our giant.

Expectations Debt May 25, 2023 SHARE ↓ by Morgan Housel @morganhousel Copy Link I live in Seattle, and Amazon is our giant. A third of my neighbors work for the company. When Amazon was on top of the world in 2021 – reputation gleaming, stock price booming – you could feel the pride and prosperity. You could practically smell it. I once heard that 90% of culture is just “winning,” – when a company is winning, everyone’s happy, rich, being promoted, and they see their work as contributing to something bigger than themselves. That was Amazon in 2021. Then Jeff Bezos left, the stock fell 50%

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