I don’t buy stocks, I make stocks.
JEFF BEZOZOur biggest cost is not power, or servers, or people. It’s lack of utilization. It dominates all other costs.
More Jeff Bezos Quotes
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You don’t want to negotiate the price of simple things you buy every day.
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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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It’s harder to be kind than clever.
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Our point of view is we will sell more if we help people make purchasing decisions.
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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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No business can continue to shrink. That can only go on for so long before irrelevancy sets in.
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We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.
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If you want to be inventive, you have to be willing to fail.
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Maintain a firm grasp of the obvious at all times.
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Be proud of your choices, not your gifts.
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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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Invention requires a long-term willingness to be misunderstood.
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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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I’m going to go do this crazy thing. I’m going to start this company selling books online.
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If you don’t understand the details of your business you are going to fail.
JEFF BEZOZ







