Tuesday, November 9, 2010

Stock advice

Great quotes/ideas from Jeff Bezos:

  • "In the short term, a stock is like a lottery, but with time, it becomes a scale."  He's quoting someone when he says this, but I couldn't find the orignal source.
  • "Our biggest competitor is the corporate no."  He discusses how when organizations get big, it's easy to settle and compromise.  You lose the truth-seeking determination that you have when starting out on the brink of being bankrupt any day.
  • "Use prediction models on the things you can, but don't apply it everywhere.  Areas where you can model with accuracy, figure out ways to reduce the initial costs and then experiment so you can start to get data and make projections."

No comments: