Jeff Bezos Quotes
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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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We also have no incentive compensation of any kind. And the reason we don’t is because it is detrimental to teamwork.
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People forget already how much utility they get out of the Internet - how much utility they get out of e-mail, how much utility they get out of even simple things like brochureware online.
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Effective process is not bureaucracy. Bureaucracy is senseless process.
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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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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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I went to Princeton specifically to study physics.
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For many people, extended reading sessions on an LCD display cause eyestrain.
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I believe you have to be willing to be misunderstood if you're going to innovate.
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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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I'm skeptical that the novel will be 're-invented.'
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I'm not prepared to make any multi-decade commitments.
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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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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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If you're going to invest in an Internet stock, you must be a long-term investor.
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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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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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Cultures aren’t so much planned as they evolve from that early set of people.
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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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If you have a business model that relies on customers being misinformed, you better start working on changing your business model.
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Feel free to cover Amazon any way you want. Feel free to cover Jeff Bezos any way you want.
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The world is littered with corpses that predicted technology in a particular arena was done. If there's another gigantic step change out there, we don't yet know what it is.
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Cultures, for better or worse, are very stable.