I try to spend my time on areas that I think are important for the future, and where I think I can add value.
Jeff BezosWe've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe -- and we have to take this as an article of faith -- that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
Jeff BezosYou can work long, hard, or smart, but at Amazon.com you canโt choose two out of three.
Jeff BezosWe're not competitor obsessed, we're customer obsessed. We start with the customer and we work backwards.
Jeff BezosIn Seattle you haven't had enough coffee until you can thread a sewing machine while it's running.
Jeff BezosOn the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.
Jeff Bezos