Bezos Knowledge | Billionaire Mindset 💸
@BezosKnowledge
Quotes by Jeff Bezos (not affiliate with Jeff Bezos | Amazon | Entrepreneurship | Investor | “We are stubborn on vision. We are flexible on details.”
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I believe you have to be willing to be misunderstood if you're going to innovate.
My own view is that every company requires a long-term view.
I'm skeptical of any mission that has advertisers at its centerpiece.
Part of company culture is path-dependent - it's the lessons you learn along the way.
I like treating things as if they’re small, you know Amazon even though it is a large company, I want it to have the heart and spirit of a small one.
A company shouldn't get addicted to being shiny, because shiny doesn't last.
The great thing about fact-based decisions is that they overrule the hierarchy.
If you double the number of experiments you do per year you’re going to double your inventiveness.
Invention is by its very nature disruptive. If you want to be understood at all times, then don't do anything new.
At Amazon we like things to work in five to seven years. We're willing to plant seeds, let them grow and we're very stubborn. We say we're stubborn on vision and flexible on details.
If you don't understand the details of your business you are going to fail.
I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.
A company shouldn't get addicted to being shiny, because shiny doesn't last.
In the old world, you devoted 30% of your time to building a great service and 70% of your time to shouting about it. In the new world, that inverts.
You don't want to negotiate the price of simple things you buy every day.
What we need to do is always lean into the future; when the world changes around you and when it changes against you - what used to be a tail wind is now a head wind - you have to lean into that and figure out what to do because complaining isn't a strategy.
If you can make a decision with analysis, you should do so. But it turns out in life that your most important decisions are always made with instinct and intuition, taste, heart.
What we need to do is always lean into the future; when the world changes around you and when it changes against you - what used to be a tail wind is now a head wind - you have to lean into that and figure out what to do because complaining isn't a strategy.
Our point of view is we will sell more if we help people make purchasing decisions.
At Amazon we like things to work in five to seven years. We're willing to plant seeds, let them grow and we're very stubborn. We say we're stubborn on vision and flexible on details.
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