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Bill Poulos, President of Profits Run, Applauds Jeff Bezos Despite Amazon's Multi-Billion Dollar Loss

WIXOM, Mich., April 19, 2019 /PRNewswire-PRWeb/ --A 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 a?? 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 a?? 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 statesa??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.
A SOURCE Profits Run, Inc.
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