Coffee with Nick V 020: Bezos opening statement, Amex, Dave Ramsey & Charlie Munger

as a reminder, I’m @nickvitucci on Twitter👋 and you’re receiving this because you subscribed to this newsletter at coffeewithnickv.com or from an article on nickvitucci.com.


i’ve been reading a bit more lately. i typically start ~3 books at a time and pick up whichever i happen to choose at that given moment. sometimes i skim the remainder of the book. sometimes i don’t even finish the book. right now i’m reading Skin in the Game by Nassim Taleb and The Leader in You by Dale Carnegie & Team.

i just finished reading The Boron Letters by Gary Halbert and Company of One by Paul Jarvis. i plan to write a quick summary on each, so keep an eye out for that. i publish book summaries here. by the way, i’d recommend both books, though if you’re not quite interested in business or entrepreneurship then consider passing on Paul’s book.

interesting things i consumed

Jeff Bezos to the US House Committee on Antitrust

i thought Bezos did an outstanding job on his opening statement before Congress. he gives a quick synopsis of his childhood and then quickly moves into the inception of Amazon as a small company built out of his garage in Seattle.

i thought this was a really great line: “Customer obsession has driven our success and I take it as an article of faith that customers notice when you do the right thing. You earn trust slowly, over time, by doing hard things well. Delivering on time, offering everyday low prices, making promises and keeping them and making principles decisions even when they are unpopular. And our approach is working.”

if you’re interested in listening to Bezos articulate his Amazon story, see the link below.

link for the curious: https://www.youtube.com/watch?v=ffaeKnwunVc

Amex tip

those of you Amex folks out there may want to pay attention to this one.

this tip comes with great regard from an avid Coffee with Nick V reader…

… my mother.

be sure to keep a keen eye on ‘Your Card Benefits’ section of the Amex website. quite often enrollment is actually required in order to reap some of the benefits your card has to offer. it’s super easy to do, but it is a manual process that you must remember to do. you have to literally click the ‘enroll now’ button. take a look at your benefits list to find some offers relevant to you. categories seem to include: travel, dining, shopping, entertainment and services.

as a disclaimer, i don’t condone the use of credit cards and if you are in any sort of consumer debt then be sure to study the teachings of Uncle Dave Ramsey.

Amex card benefit link: https://global.americanexpress.com/card-benefits/view-all

wit & wisdom of Charlie Munger

if you don’t already know who Charlie Munger is then that’s OK, but you’ve got a lot to learn. his teachings are some of the best. Charlie is the vice chairmen of Berkshire Hathaway. in other words, he is a partner of Warren Buffett’s.

some relevant links of Charlie that are worth looking at:

2007 USC Law School Commencement Address (video)

How to Guarantee a Life of Misery (transcript)

The Psychology of Human Misjudgment (video)


interesting quote i came across

“Take a simple idea and take it seriously.”

– Charlie Munger

that’s all for this week.

until next time,

Nick V

ps if you like what you’ve read, please share with your friends. they can sign up for the list here. also, i always welcome recommendations of any books, podcasts, movies, etc. let me know!

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