If everything you do needs to work on a three-year time horizon, then youโre competing against a lot of people, But if youโre willing to invest on a seven-year time horizon, youโre now competing against a fraction of those people, because very few companies are willing to do that. Just by lengthening the time horizon, you can engage in endeavours that you could never otherwise pursue. At Amazon we like things to work in five to seven years. Weโre willing to plant seeds, let them growโand weโre very stubborn. We say weโre stubborn on vision and flexible on details.
Jeff BezosThe 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 BezosThere's so much stuff that has yet to be invented. There's so much new that's going to happen. People don't have any idea yet how impactful the internet is going to be and that this is still Day 1 in such a big way.
Jeff Bezos