Quote

Failure comes part and parcel with invention. It’s not optional.

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
Optional
Invention
Failure
Comes
Part
Parcel

More quotes by Jeff Bezos

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We are at the 1908 Hurley washing machine stage with the Internet.
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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 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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For every leader in the company, not just for me, there are decisions that can be made by analysis. These are the best kinds of decisions!
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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.
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Advertising is the price you pay for unremakable thinking.
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It's not an experiment if you know it's going to work.
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Not the outcome any of us wanted.
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A lot of people – and I’m just not one of them – believe that you should live for the now. I think what you do is think about the great expanse of time ahead of you and try to make sure that you’re planning for that in a way that’s going to leave you ultimately satisfied. This is the way it works for me.
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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 make customers unhappy in the physical world, they might each tell 6 friends. If you make customers unhappy on the Internet, they can each tell 6,000 friends.
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I think there are going to be a bunch of tablet-like devices. It's really a different product category.
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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 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 most important single thing is to focus obsessively on the customer. Our goal is to be earth's most customer-centric company.
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Strip malls are history.
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Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.
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Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress.
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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.
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We expect all our businesses to have a positive impact on our top and bottom lines ... Profitability is very important to us or we wouldn't be in this business.
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