Jeff Bezos Quotes
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If you can't feed a team with two pizzas, it's too large.
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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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We are our choices. Build yourself a great story.
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You don't want to negotiate the price of simple things you buy every day.
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If you invent frequently and are willing to fail, then you never get to that point where you really need to bet the whole company.
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The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.
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There are two ways to extend a business. Take inventory of what you're good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.
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If we can keep our competitors focused on us while we stay focused on the customer, ultimately we'll turn out all right.
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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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We are at the 1908 Hurley washing machine stage with the Internet.
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Our garage was basically science fair central.
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I like having the digital camera on my smart phone, but I also like having a dedicated camera for when I want to take real pictures.
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Am I going to regret leaving Wall Street? No. Will I regret missing the beginning of the Internet? Yes.
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You're not going to make Hemingway better by adding animations.
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E-mail has some magical ability to turn off the politeness gene in a human being.
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I'm not saying that advertising is going away. But the balance is shifting. If today the successful recipe is to put 70 percent of your energy into shouting about your service and 30 percent into making it great, over the next 20 years I think that's going to invert.
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Millions of people were inspired by the Apollo Program. I was five years old when I watched Apollo 11 unfold on television, and without any doubt it was a big contributor to my passions for science, engineering, and exploration.
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If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns.
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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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Percentage margins are not one of the things we are seeking to optimize. It’s the absolute dollar free cash flow per share that you want to maximize, and if you can do that by lowering margins, we would do that. So if you could take the free cash flow, that’s something that investors can spend. Investors can’t spend percentage margins.
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We're building a unique global platform...In the last 18 months we found that sellers and partners are interested in complementing their online and offline businesses with Amazon's platform...
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When you receive criticism from well-meaning people, it pays to ask, ‘Are they right?’ And if they are, you need to adapt what they’re doing. If they’re not right, if you really have conviction that they’re not right, you need to have that long-term willingness to be misunderstood. It’s a key part of invention.
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We innovate by starting with the customer and working backwards. That becomes the touchstone for how we invent.