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 BEZOSFocusing on the customer makes a company more resilient.
More Jeff Bezos Quotes
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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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Do something you’re very passionate about, and don’t try to chase what is kind of the “hot passion” of the day.
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One of the things that gets me up in the morning is knowing that customer expectations are always rising, and I find that very exciting.
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It is very difficult to get people to focus on the most important things when you’re in boom times.
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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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If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.
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Focusing on the customer makes a company more resilient.
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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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The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.
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The Net is pretty cool, but the physical world is the best medium ever.
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Will you be clever at the expense of others, or will you be kind?
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What’s dangerous is not to evolve.
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A company shouldn’t get addicted to being shiny, because shiny doesn’t last.
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The human brain is an incredible pattern-matching machine.
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I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.
JEFF BEZOS