A Quote by Jeff Bezos

Great industries are never made from single companies. There is room in space for a lot of winners. — © Jeff Bezos
Great industries are never made from single companies. There is room in space for a lot of winners.
We didn't have an awful lot of space. There were six of us born within the space of seven or eight years - I was third. I remember sharing a room with one or other of my brothers - at one point we had three single beds in one room.
More and more major industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.
And you know, I've had great fun turning quite a lot of different industries on their head and making sure those industries will never be the same again, because Virgin went in and took them on.
Writing in my closet, it's a small space but it made a lot of room in my mind.
Why is there space rather than no space? Why is space three-dimensional? Why is space big? We have a lot of room to move around in. How come it's not tiny? We have no consensus about these things. We're still exploring them.
Being part of a team helped me so much. I know the fact that there was a man in the room with me all those years made the medicine go down. I had made the companies money. I didn't have to start, like a lot of women, from ground zero. My path was not the same as a woman starting out by herself.
One of the best investors around, Joel Greenblatt, has written a popular, charming and funny book about investing in great companies at low P/E multiples. To simplify an already simple book, great companies are generally measured as companies that can generate lots of profit without requiring a lot of capital. This means that they have high ROEs.
It would seem that the full meaning of the word marriage can never be known by those who, at their first outspring into life, are surrounded by all that money can give. It requires the single sitting-room, the single fire, the necessary little efforts of self-devotion, the inward declaration that some struggle shall be made for that other one.
The environment that creates winners is almost always made up of winners.
Never take a seat in the back of the room. Winners sit up front.
Google Brain, which I led, was arguably the single biggest force for turning Google into a great A.I. company. I'm pretty sure I led the team that transformed Baidu as well. So one thing that really excites me is the potential for other companies to become great A.I. companies.
I've made a lot of game-winners.
The guys that go into the Hall of Fame are the winners, and the losers are the ones who put them in there, and I would like to see some of the great losers through the years be in the Hall of Fame. I know that that's probably impossible, but you've got to give those losers credit, they made the winners.
Great opportunity for technology/media companies to meet the movers and shakers in the broadcast and media industries.
I'm going to start a lot of companies. These are not sham companies. These are great businesses.
We are on dangerous terrain when government picks winners and losers in the economy by subsidizing favored products and industries.
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