Letter to Shareholders (2015)

2015

Bezos on the culture of high standards, invention, and why it's always Day 1 at Amazon.

Quotes from this source

2 verified quotes

“Failure and invention are inseparable twins. To invent you have to experiment, and if you know in advance that it's going to work, it's not an experiment.”

“Outsized returns often come from betting against conventional wisdom, and conventional wisdom is usually right. Given a 10% chance of a 100 times payoff, you should take that bet every time.”