Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress. Jeff Bezos makemediocrepeople Change image and share on social
There are two ways to extend a business. Take inventory of what you're good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward. Jeff Bezos backwardbusinesscustomer share on social
If you don't understand the details of your business you are going to fail. Jeff Bezos businessdetailfail Change image and share on social
The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil. Jeff Bezos approachbankconvince Change image and share on social
You don't want to negotiate the price of simple things you buy every day. Jeff Bezos buydaynegotiate Change image and share on social
My own view is that every company requires a long-term view. Jeff Bezos companylongrequire Change image and share on social
I'm a big fan of all-you-can-eat plans, because they're simpler for customers. Jeff Bezos bigcustomereat Change image and share on social
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. Jeff Bezos actualamountcompany share on social
Cultures, for better or worse, are very stable. Jeff Bezos badlyculturestable Change image and share on social
