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One of the things that I hope will distinguish Amazon.com is that we continue to be a company that defies easy analogy. This requires a lot of innovation, and innovation requires a lot of random walk.

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
Walk
Analogy
Walks
Amazon
Company
Analogies
Hope
Distinguish
Easy
Random
Things
Innovation
Requires
Continue
Defies

More quotes by Jeff Bezos

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If you want to be inventive, you have to be willing to fail.
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If you decide that you're going to do only the things you know are going to work, you're going to leave a lot of opportunity on the table.
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I try to spend my time on areas that I think are important for the future, and where I think I can add value.
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It's hard to find things that won't sell online.
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If you invent frequently and are willing to fail, then you never get to that point where you really need to bet the whole company.
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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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Our biggest cost is not power, or servers, or people. It's lack of utilization. It dominates all other costs.
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I wouldn't be surprised if history records Tim Berners-Lee as the second Gutenberg.
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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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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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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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Web 1.0 was making the Internet for people, Web 2.0 is making the Internet better for companies.
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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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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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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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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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Our premise is there are going to be a lot of winners. It's not winner take all. Other people do not have to lose for us to win.
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I definitely believe people should pay for copyrighted works. And the laws are sufficient: They already require you to pay for copyright work. There's no confusion. The problem is...it's a heck of a lot easier to steal MP3s than to buy them.
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Everything you are comes from your choices.
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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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