We are stubborn on vision. We are flexible on details.
JEFF BEZOZI think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.
More Jeff Bezos Quotes
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Obsess about customers, not competitors.
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One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.
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Percentage margins don’t matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.
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Our biggest cost is not power, or servers, or people. It’s lack of utilization. It dominates all other costs.
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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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Will you be clever at the expense of others, or will you be kind?
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People don’t want gadgets, they want services.
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You know, we love stories and we love narrative; we love to get lost in an author’s world.
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The common question that gets asked in business is, why? That’s a good question, but an equally valid question is, why not?
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Maintain a firm grasp of the obvious at all times.
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We got to talk about how lucky we are to have such amazing parents. They’ve always been and still are role models and mentors for us.
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I’m going to go do this crazy thing. I’m going to start this company selling books online.
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It’s not an experiment if you know it’s going to work.
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If you have a business model that relies on customers being misinformed, you better start working on changing your business model.
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If we think long term, we can accomplish things that we couldn’t otherwise accomplish.
JEFF BEZOZ







