We are our choices. Build yourself a great story.
Jeff BezosRead
Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity and correspondingly stronger returns on invested capital.
Interpretation
Being a market leader can lead to increased profits and better returns on investment.
Jeff Bezos highlights the significant advantages that come with being a market leader in a business context. When a company successfully positions itself as a leader in its industry, it tends to experience an increase in revenue and profitability, and this can enhance the efficiency of its capital use, ultimately resulting in greater returns for its investors.
In practice
In a business seminar discussing strategies for success.
We are our choices. Build yourself a great story.
Work hard, have fun and make history.
If you're not stubborn, you'll give up on experiments too soon. And if you're not flexible, you'll pound your head against the wall and you won't see a different solution to a problem you're trying to solve.
But there's so much kludge, so much terrible stuff, we are at the 1908 Hurley washing machine stage with the Internet. That's where we are. We don't get our hair caught in it, but that's the level of primitiveness of where we are. We're in 1908.
Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.
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.
If you aren't committed to diversity of thought, you have no business launching a startup.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
I think I've realized that business and being polite [don't] match. You can be fair, but me being polite was not me being fair to myself.
If customer ignorance is a profit centre for you, you're in trouble.
The game business reinvents itself every five years.
I don't think a true company - one that builds sustainable value - can ever only exist online or remotely.
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