The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.
JEFF BEZOZMarket leadership can translate directly to higher revenue, higher profitability, greater capital velocity and correspondingly stronger returns on invested capital.
More Jeff Bezos Quotes
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If you think about the long term then you can really make good life decisions that you won’t regret later.
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Any business plan won’t survive its first encounter with reality. The reality will always be different. It will never be the plan.
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It’s harder to be kind than clever.
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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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I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.
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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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If 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.
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We change our tools and then our tools change us.
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You don’t want to negotiate the price of simple things you buy every day.
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Position yourself with something that captures your curiosity, something that you’re missionary about.
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To get something new done you have to be stubborn and focused, to the point that others might find unreasonable.
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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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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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Determine what your customers need, and work backwards.
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If you’re truly obsessed over customers, it’ll cover a lot of errors.
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Advertising is the price you pay for unremakable thinking.
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Life’s too short to hang out with people who aren’t resourceful.
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I try to spend my time on areas that I think are important for the future, and where I think I can add value.
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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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Though we are optimistic, we must remain vigilant and maintain a sense of urgency.
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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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Obsess about customers, not competitors.
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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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People who are right most of the time are people who change their minds often.
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Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity and correspondingly stronger returns on invested capital.
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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.
JEFF BEZOS