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▶ 5:37 · $AMZN · Yass: Amazon's $2T market cap vastly understates $10T consumer surplus value creation
episode briefing
Generating Alpha Podcast

Episode 55: Economic Myths with Jeff Yass - Co-Founder and Managing Director of Susquehanna

2026-06-22 · 1 company · 5 thematic
sentiment
1 bull0 bear0 neu
speakers
jeff yass

Jeff Yass is the co-founder and managing director of Susquehanna International Group, one of the world's largest market-making and quantitative trading firms. He is a billionaire investor and philanthropist focused on school choice and education reform.

quote
“the real value that Amazon added is what we call consumer surplus, which is it made life so much easier and saved us so much time that that number dwarfs the market capitalization of Amazon. I would say it's at least five times greater. Th…”
—jeff yass
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$AMZN···bullish· highjeff yass
Yass: Amazon's $2T market cap vastly understates $10T consumer surplus value creation
Amazon creates consumer surplus approximately 5x its market capitalization ($10T vs $2T), meaning founder Jeff Bezos captured only ~2% of total value created while consumers recei…