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Cultures aren’t so much planned as they evolve from that early set of people.
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
Cultures
Evolve
Aren
Early
Culture
Much
People
Planned
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If we think long term, we can accomplish things that we couldn't otherwise accomplish.
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It’s very important for entrepreneurs to be realistic. So if you believe on that first day while you’re writing the business plan that there’s a 70 percent chance that the whole thing will fail, then that kind of relieves the pressure of self-doubt.
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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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The smartest people are constantly revising their understanding, reconsidering a problem they thought they’d already solved. They’re open to new points of view, new information, new ideas, contradictions, and challenges to their own way of thinking.
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I have a strongly held belief that one of the reasons that Amazon has been successful is because we do not obsess over competitors. Instead we obsess over customers.
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Advertising is the price you pay for unremakable thinking.
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One of the things that gets me up in the morning is knowing that customer expectations are always rising, and I find that very exciting.
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Your margin is my opportunity.
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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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It is very difficult to get people to focus on the most important things when you're in boom times.
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Many of the traits that make Amazon unusual are now deeply ingrained in the culture. In fact, if I wanted to change them, I couldn't. The cultures are self-reinforcing, and that's a good thing.
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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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The book is not really the container for the book. The book itself is the narrative. It's the thing that people create.
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Are you lazy or just incompetent?
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You don't want to negotiate the price of simple things you buy every day.
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Effective process is not bureaucracy. Bureaucracy is senseless process.
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