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It is very difficult to get people to focus on the most important things when you're in boom times.
Jeff Bezos
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Jeff Bezos
Age: 60
Born: 1964
Born: January 12
Astronaut
Computer Scientist
Entrepreneur
Albuquerque
New Mexico
Jeffrey Preston Bezos
Jeffrey Preston Jorgensen
Jeff Preston Bezos
Jeffrey Preston ''Jeff'' Bezos
Things
People
Boom
Focus
Times
Difficult
Important
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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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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 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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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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I've not seen an effective manager or leader who can't spend some fraction of time down in the trenches... If they don't do that they get out of touch with reality, and their whole thought and management process becomes abstract and disconnected.
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If we think long term, we can accomplish things that we couldn't otherwise accomplish.
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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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I’m a big fan of all-you-can-eat plans, because they’re simpler for customers.
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I love my life. I love being an inventor.
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There are multiple ways to be externally focused that are very successful. You can be customer-focused or competitor-focused. Some people are internally focused, and if they reach critical mass, they can tip the whole company.
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Are you lazy or just incompetent?
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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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Not the outcome any of us wanted.
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The framework I found which made the decision incredibly easy was what I called — which only a nerd would call — a “regret minimization framework.” So, I wanted to project myself forward to age 80 and say, “Okay, now I’m looking back on my life. I want to have minimized the number of regrets I have.”
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Go to bed early and wake up early. The morning hours are good.
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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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Strip malls are history.
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