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My own view is that every company requires a long-term view.

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
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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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Web 1.0 was making the Internet for people, Web 2.0 is making the Internet better for companies.
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Entrepreneurs must be willing to be misunderstood for long periods of time.
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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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Good ideas will always get funded, so that's not going to be a problem. But you will see that it will be harder and harder for bad ideas to get funded.
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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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Our biggest cost is not power, or servers, or people. It's lack of utilization. It dominates all other costs.
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Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress.
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When you are eighty years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices.
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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.
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We are stubborn on vision. We are flexible on details.
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The death knell for any enterprise is to glorify the past -- no matter how good it was.
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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 you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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We are at the 1908 Hurley washing machine stage with the Internet.
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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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You have to use your judgment. In cases like that, we say, 'let's be simple minded. We know this is a feature that's good for customers. Let's do it.
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It's perfectly healthy-encouraged, even- to have an idea tomorrow that contradicted your idea today
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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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To get something new done you have to be stubborn and focused, to the point that others might find unreasonable.
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