When you receive criticism from well-meaning people, it pays to ask, โAre they right?โ And if they are, you need to adapt what theyโre doing. If theyโre not right, if you really have conviction that theyโre not right, you need to have that long-term willingness to be misunderstood. Itโs a key part of invention.
Jeff BezosIf 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 Bezos