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It's perfectly healthy-encouraged, even- to have an idea tomorrow that contradicted your idea today
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
Even
Contradicted
Encouraged
Perfectly
Healthy
Tomorrow
Idea
Today
Ideas
More quotes by Jeff Bezos
There are a whole bunch of people who don't like to shop. But there are also people, maybe, who even do like to shop but are very time pressured. And so shopping online can save people time.
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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.
Jeff Bezos
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.
Jeff Bezos
I love my life. I love being an inventor.
Jeff Bezos
If you are going to do large-scale invention, you have to be willing to do three things: You must be willing to fail you have to be willing to think long term and you have to be willing to be misunderstood for long periods of time.
Jeff Bezos
The great thing about fact-based decisions is that they overrule the hierarchy.
Jeff Bezos
I strongly believe that missionaries make better products. They care more. For a missionary, it's not just about the business. There has to be a business, and the business has to make sense, but that's not why you do it. You do it because you have something meaningful that motivates you.
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My own view is that every company requires a long-term view.
Jeff Bezos
If you don't understand the details of your business you are going to fail.
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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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Are you lazy or just incompetent?
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I wouldn't be surprised if history records Tim Berners-Lee as the second Gutenberg.
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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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We like to pioneer, we like to explore, we like to go down dark alleys and see what's on the other side.
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Amazon Pages and Amazon Upgrade leverage Amazon's existing 'Search Inside the Book' technology to give customers unusual flexibility in how they buy and read books, .. In collaboration with our publishing partners, we're working hard to make the world's books instantly accessible anytime and anywhere.
Jeff Bezos
On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.
Jeff Bezos
Do something you're very passionate about, and don't try to chase what is kind of the hot passion of the day.
Jeff Bezos
Your brand is what people say about you when you're not in the room
Jeff Bezos
We innovate by starting with the customer and working backwards. That becomes the touchstone for how we invent.
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I think that, ah, I'm a very goofy sort of person in many ways.
Jeff Bezos