Understandably by Bill Murphy Jr.

Understandably by Bill Murphy Jr.

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Understandably by Bill Murphy Jr.
Understandably by Bill Murphy Jr.
Gas stations

Gas stations

Just in case you're ever asked, I guess. Also, 7 other things worth your time.

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Bill Murphy Jr.
Mar 17, 2021
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Understandably by Bill Murphy Jr.
Understandably by Bill Murphy Jr.
Gas stations
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A California city banned new gas stations earlier this month, since eventually, we’re told, we’ll all be moving to electric cars anyway.

I don’t have a strong opinion on whether this is a good idea. But, it reminded me of the question Jeff Bezos used to ask in every single job interview, and an ironic 20-year-old interview in which he explained it.

Bezos was 36 at the time, and Amazon was six years old, as he sat for what turned into a 5,700-word interview in The Washington Post. (Ironic, since he now owns the Post.)

He was already famous and already a multibillionaire. But Amazon’s "get big now, get profit later" strategy had Wall Street nervous, and some employees worried their stock options might be worthless after the dot-com bubble burst.

In fact, a Lehman Brothers analyst had recently made a name for himself before the interview by predicting that Amazon was toast: "The party is over." (Lehman went bankrupt in 2008; Amazon now has a market cap of about $1.5 trillion.)

Yet Bezos wa…

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