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.
JEFF BEZOSIf you want to be inventive, you have to be willing to fail.
More Jeff Bezos Quotes
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Life’s too short to hang out with people who aren’t resourceful.
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Complaining is not a strategy.You have to work with the world as you find it, not as you would have it be.
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We’ve had three big ideas at Amazon that we’ve stuck with for 18 years, and thy’re the reason we’re successful: Put the customer first. Invent. And be patient.
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I 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.
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It’s hard to find things that won’t sell online.
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If you double the number of experiments you do per year you’re going to double your inventiveness.
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We change our tools and then our tools change us.
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If you make customers unhappy in the physical world, they might each tell 6 friends. If you make customers unhappy on the Internet, they can each tell 6,000 friends.
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The pain and emotional trauma caused by the racism and violence we are witnessing toward the black community has a long reach.
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There’ll always be serendipity involved in discovery.
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In the old world, you devoted 30% of your time to building a great service and 70% of your time to shouting about it. In the new world, that inverts.
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What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a head wind – you have to lean into that and figure out what to do because complaining isn’t a strategy.
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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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People don’t want gadgets, they want services.
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We are our choices. Build yourself a great story.
JEFF BEZOZ