I don’t buy stocks, I make stocks.
JEFF BEZOZIf you’re not stubborn, you’ll give up on experiments too soon. And if you’re not flexible, you’ll pound your head against the wall and you won’t see a different solution to a problem you’re trying to solve.
More Jeff Bezos Quotes
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A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.
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If your customer base is aging with you, then eventually you are going to become obsolete or irrelevant. You need to be constantly figuring out who are your new customers and what are you doing to stay forever young.
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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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Our success at Amazon is a function of how many experiments we do per year, per month, per week, per day.
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Teachers, who are really good create that environment where you can be very satisfied by the process of learning.
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No business can continue to shrink. That can only go on for so long before irrelevancy sets in.
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Everything you are comes from your choices.
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If you don’t understand the details of your business you are going to fail.
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The book is not really the container for the book. The book itself is the narrative. It’s the thing that people create.
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We are stubborn on vision. We are flexible on details.
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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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Invention is by its very nature disruptive. If you want to be understood at all times, then don’t do anything new.
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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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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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Maintain a firm grasp of the obvious at all times.
JEFF BEZOZ