Compilation of Memorable Tweets & Quotes by Jeff Bezos
Our next expert investor both founded & currently heads the world's largest e-commerce retailer Amazon.com, Inc. He is considered one of the pioneers of the e-commerce age & his company has gone onto successfully establish itself as the largest online retailer. Despite his foundation in e-Commerce, this seasoned investor is repeatedly seen placing substantially large bets through his Bezos Enterprises venture capital firm. He is closely followed by seasoned investors for his progressive & predictive outlook in selecting investments.
Despite majority of his teachings being focused to the business world, we can derive value from the mindset he employs from applying it. Additionally, his outlook to selecting businesses to invest in or expanding his companies can also be applied directly by us. That's why we have compiled these quotes from the technological innovator himself...
A compilation of memorable quotes by seasoned investor Jeff Bezos:
1) The stock is not the company. And the company is not the stock. And so, as I watched the stock fall from $113 to $6, I was also watching all of our internal business metrics -- number of customers, profit per unit ... every single thing about the business was getting better. And so, while the stock price was going the wrong way, everything inside the company was going the right way.
2) All big institutions of any kind are going to be -- should be -- examined, scrutinized, inspected. Governments should be inspected; government institutions, big educational institutions, big non-profits, big companies [should all be scrutinized]...
It's not personal. It's kind of what we -- as a society -- want to have happen.
3) In the short run, the stock market is a voting machine. In the long run, it's a weighing machine. And what you need to do is operate your company in such a way, knowing that it will be weighed one day. And just let it be weighed.
4) When the stock is up 30% in a month, don't feel 30% smarter -- because when the stock is down 30% in a month, it's not going to feel so good to feel 30% dumber.
5) “I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.”
6) “The keys to success are patience, persistence, and obsessive attention to detail.”
7) “The great thing about fact-based decisions is that they overrule the hierarchy.”
8) What’s dangerous is not to evolve.
Evidently, we are able to see an underlying focus on fostering a deeper understanding of our investments (i.e. businesses.) Identifying the key metrics of the business, industry & its evolution will play a larger role in long-term wealth creation.