Amazon's storytelling approach has had a significant impact on its access to cheap capital. The company's narrative of building the Earth's biggest store has resonated with investors, who have been willing to accept higher growth, lower profits, and no dividends. This vision has allowed Amazon to access capital at lower costs, as investors are betting on the company's future growth and success. The storytelling approach has essentially trained the market to hold Amazon to a different standard compared to other businesses.
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