Quotes from Jeff Bezos

Real estate is the key cost of physical retailers. That's why there's the old saw: location, location, location.

The common question that gets asked in business is, why? That's a good question, but an equally valid question is, why not?

If you can't feed a team with two pizzas, it's too large.

I believe you have to be willing to be misunderstood if you're going to innovate.

I don't think that you can invent on behalf of customers unless you're willing to think long-term, because a lot of invention doesn't work. If you're going to invent, it means you're going to experiment, and if you're going to experiment, you're going to fail, and if you're going to fail, you have to think long term.

A company shouldn't get addicted to being shiny, because shiny doesn't last.

The killer app that got the world ready for appliances was the light bulb. So the light bulb is what wired the world. And they weren't thinking about appliances when they wired the world. They were really thinking about - they weren't putting electricity into the home. They were putting lighting into the home.

The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.

Are you lazy or just incompetent?

People who are right most of the time are people who change their minds often

I try to spend my time on areas that I think are important for the future, and where I think I can add value.

For people who are readers, reading is important to them.

I grew up reading science fiction.

Today I continue with my science-fiction reading habit and find it very mind-expanding. Always makes me think.

I have won this lottery. It's a gigantic lottery, and it's called Amazon.com. And I'm using my lottery winnings to push us a little further into space.

It's not an experiment if you know it's going to work.

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

My view is there's no bad time to innovate.

People who were right a lot of the time were people who often changed their minds.

Maintain a firm grasp of the obvious at all times.

Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress.

Ebooks had to happen.

You're not going to make Hemingway better by adding animations.

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.