Jeff Bezos

Founder, Amazon

“It is always Day 1. Make decisions by minimizing future regret, not short-term risk.”

Image: Wikimedia Commons, 260202-D-PM193-2205 SECWAR Arsenal of Freedom Tour - Florida (3x4 cropped on Bezos and rotated).jpg

The one idea

Minimize regret; it is always Day 1.

Ideas in the Tracker

Day 1 thinking

Day 2 is stasis, then decline. Stay in Day 1: customer-obsessed, fast, willing to experiment.

→

Regret minimization

Project to age 80 and choose the path you'll regret least. It clarifies almost everything.

→

Linked episodes

Ep. 13 · 10 min

Long-Term Games

▶

Illustrated by these cases

Amazon

A flywheel compounds when you feed it: lower prices → more customers → more sellers → lower costs → lower prices.

→

Continue exploring the tribe

Wisdom

Marcus Aurelius

Roman emperor, Stoic

“You have power over your mind, not events.”

The one idea→

Wealth

Jim Collins

Author, Good to Great

“Greatness is a disciplined accumulation.”

The one idea→

Wealth

Naval Ravikant

Founder, AngelList

“Build specific knowledge and leverage.”

The one idea→

Wealth

Steve Jobs

Co-founder, Apple

“Focus means saying no.”

The one idea→

Wealth

Warren Buffett

CEO, Berkshire Hathaway

“Stay inside your circle of competence.”

The one idea→

Wealth

Jensen Huang

Founder and CEO, NVIDIA

“Greatness is forged by suffering.”

The one idea→