The pain and emotional trauma caused by the racism and violence we are witnessing toward the black community has a long reach.
JEFF BEZOZPercentage 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.
More Jeff Bezos Quotes
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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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There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.
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We innovate by starting with the customer and working backwards. That becomes the touchstone for how we invent.
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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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You have to use your judgment. In cases like that, we say, ‘let’s be simple minded. We know this is a feature that’s good for customers. Let’s do it.
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People loved their horses, too. But you don’t keep riding your horse to work just because you love it.
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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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I think if people read more, that is a better world.
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There’ll always be serendipity involved in discovery.
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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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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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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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I’m going to go do this crazy thing. I’m going to start this company selling books online.
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Work hard, have fun and make history.
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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.
JEFF BEZOS