Jeff Bezos Quotes
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What characteristics do I look for when hiring somebody? That's one of the questions I ask when interviewing. I want to know what kind of people they would hire.
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If you're going to invest in an Internet stock, you must be a long-term investor.
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I believe you have to be willing to be misunderstood if you're going to innovate.
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Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.
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I'm skeptical that the novel will be 're-invented.'
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For many people, extended reading sessions on an LCD display cause eyestrain.
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I wanted to project myself forward to age 80 and say, ‘OK, I’m looking back on my life. I want to minimise the number of regrets I have.’ And I knew that when I was 80, I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn’t regret that. But I knew the one thing I might regret is not ever having tried. I knew that that would haunt me every day.
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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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We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe -- and we have to take this as an article of faith -- that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
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And I still buy books at B&N, Borders and Elliot Bay ... I probably shouldn't admit this. But I don't care. I love great bookstores.
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Good ideas will always get funded, so that's not going to be a problem. But you will see that it will be harder and harder for bad ideas to get funded.
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One of the things it was obvious you could do with an online store is have a much more complete selection.
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Our vision is every book ever printed in any language fetched and viewable on our eBook Kindle device in under 60 seconds.
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The great thing about fact-based decisions is that they overrule the hierarchy.
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There's so much stuff that has yet to be invented. There's so much new that's going to happen. People don't have any idea yet how impactful the internet is going to be and that this is still Day 1 in such a big way.
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The thing that motivates me is a very common form of motivation. And that is, with other folks counting on me, it's so easy to be motivated.
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I'm not prepared to make any multi-decade commitments.
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Infrastructure web services had to happen.
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Our biggest cost is not power, or servers, or people. It's lack of utilization. It dominates all other costs.
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Cultures aren’t so much planned as they evolve from that early set of people.
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I went to Princeton specifically to study physics.
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I feel like in one year it's very easy to go from Internet poster boy to Internet piсata.
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If you only do things where you know the answer in advance, your company goes away.
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Feel free to cover Amazon any way you want. Feel free to cover Jeff Bezos any way you want.