Lex Fridman Podcast - #405 – Jeff Bezos: Amazon and Blue Origin

Episode Date: December 14, 2023

Jeff Bezos is the founder of Amazon and Blue Origin. Thank you for listening ❤ Please support this podcast by checking out our sponsors: - Notion: https://notion.com - Policygenius: https://www.pol...icygenius.com/ - MasterClass: https://masterclass.com/lexpod to get 15% off - Eight Sleep: https://www.eightsleep.com/lex to get special savings - InsideTracker: https://insidetracker.com/lex to get 20% off Transcript: https://lexfridman.com/jeff-bezos-transcript EPISODE LINKS: Jeff's Instagram: https://instagram.com/jeffbezos Jeff's Twitter: https://twitter.com/jeffbezos Amazon: https://amazon.com Blue Origin: https://blueorigin.com Invent and Wander (book): https://amzn.to/41bF2SY PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: - Check out the sponsors above, it's the best way to support this podcast - Support on Patreon: https://www.patreon.com/lexfridman - Twitter: https://twitter.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Medium: https://medium.com/@lexfridman OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) - Introduction (08:53) - Texas ranch and childhood (12:31) - Space exploration and rocket engineering (25:05) - Physics (34:39) - New Glenn rocket (1:17:28) - Lunar program (1:27:24) - Amazon (1:44:45) - Principles (2:03:25) - Productivity (2:14:03) - Future of humanity

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Starting point is 00:00:00 The following is a conversation with Jeff Bezos, founder of Amazon and Blue Origin. This is his first time doing a conversation of this kind and of this length. And as he told me, it felt like we could have easily talked for many more hours, and I'm sure we will. And now a quick few second mention of each sponsor, check them out in the description. It's the best way to support this podcast. We got Notion for team collaboration, policy genius, for insurance, master class, for learning, A sleep, for naps, and inset tracker for biological data. Choose wise and my friends. Also, if you want to work with our amazing team, we're always hiring, go to lexfreedman.com slash hiring. And if you want to get in touch with me for other reasons, I guess suggestions you can
Starting point is 00:00:49 go to lexfreedman.com slash contact. Like with aliens, but in this case, it's with me. And now onto the full ad release, there's always no ads in the middle. I try to make this interesting, but if you must skip them, friends, please do check out our sponsors. I enjoy their stuff. Maybe you will too. This show is brought to you by Notion.
Starting point is 00:01:10 A note-taking app that I've been using forever, but it's not just for note-taking. It's also for team collaboration. It's been doing that forever, but recently it also has the extra added AI capabilities with the notion AI tool. Obviously, everybody is trying to figure out how to integrate the progress with LLMs, the continued progress, the accelerating progress, the boundless progress with LLMs into our productive lives. To me, obviously, the note-taking, the putting words onto paper as part of the process of figuring out intellectual puzzles of thinking through things, designing things,
Starting point is 00:01:55 summarizing things, interpreting things, all of that, that's the writing process. And integrating AI into that to help you, almost like a buddy, is obviously empowering. But there's an interface question, how to do that well. And to me, notion does that better than any tool I've used so far. Notion AI can not give you instant answers to your questions using information from across your wiki projects, docs and meeting notes. Try notion AI for free when you go to Notion.com slash Lex. That's all lowercase notion.com slash Lex to try the power of Notion AI today.
Starting point is 00:02:31 This shows also brought to you by policy genius, a marketplace for finding and buying life insurance. Almost every single conversation I have in different ways. I ponder, I explore, I deliberate the simple fact of arm mortality, the finiteness of every experience, the human experience, but every experience that makes up the human experience, the good and the bad. I think bringing that up as a topic is important that opposite topic is important because it is one of the big questions for the introspecting animal that is a human being for somebody who's trying to figure out the puzzle of the human condition. Why does it have to end? Is it good that it has to end? How does the fact of it ending play with the richness of the experience of every moment
Starting point is 00:03:31 that we feel when we open our eyes to the beauty of that experience? Those are good questions, but they also put you in the right mindset to explore the other questions, the details of engineering, the details of business and science, all of that, are somehow made more visceral, more intensely salient when grounded in the context of pondering one's own mortality. That's why I tried to do it. And I guess policy genius wants you to ponder your mortality and do something about it, a pragmatic angle. With policy genius you can find life insurance policies that started just $292 a year for $1 million of coverage. Head to policygenius.com slash Lex or click the link in the description to get your free life insurance quotes and see how much you could save.
Starting point is 00:04:31 That's policygenius.com slash Lex. This show is also brought to you by Masterclass. 10 bucks a month gets you and all access pass to watch courses from the best people in the world and their particular thing. That's how you should learn. You should try to find a way to listen to, to get close to the people that are the best at a thing that you're interested in. That's not the only way to learn.
Starting point is 00:04:58 Text books, tutorials, lectures, books about a thing are good. But the doers of the thing reveal something not just in their explanations, but in how they construct the explanations, how they think about the words that lead to the formation of the explanations and all of that becomes salient when you just listen to these master classes. It's the doers that now have become teachers, but they were doers first. Anyway, Chris Hatfield, Will Wright, Carl Santana, Daniel Negrano, Neil Gaiman, Martin Scorsese. I would love to talk to Martin Scorsese in this podcast.
Starting point is 00:05:42 There's just a lot of classes to choose from. The ones I mentioned are the ones I've personally enjoyed, but maybe there's many others. Maybe you can write to me and recommend ones that were really impactful to you. Get unlimited access to every Masterclass and get an additional 15% off an annual membership of masterclass.com slash lux pod. That's masterclass.com slash lux pod. This episode is also brought to you by A Sleep. I don't know why I'm speaking like this quietly, because when I mention A Sleep, I think about myself napping. And the column piece that overtakes my surrounding environment when I'm napping. I'm cold bed with a warm blanket.
Starting point is 00:06:27 It's a little sampling of heaven. No matter how I'm feeling, I can be feeling totally shitty about whatever thing. I can be angry, I can be sad. I can be lonely. All of these things. All of the different emotional trajectories that the human mind can take you on somehow get all resolved, the knots get untied and everything becomes simple again after a good nap. So take the naps seriously friends. They are the cure for many of life's ills. And if you want to do your naps, the way I do my naps, the right way. You should use 8-sleep.
Starting point is 00:07:12 Check it out and get special savings when you go to 8-sleep.com slash Lex. This show is also brought to you by Inside Tracker. A service I use, the track, the biological data that comes from my body. This complex, hierarchical, biological machine that provides an infinity of signals, most of which are ignored. When we make health, lifestyle, diet, whatever decisions, life decisions. The future is designing systems, machine learning systems that don't ignore those signals, that leverage those signals, combine them, integrate them with the best scientific work of the day
Starting point is 00:08:02 to give you advice on what to do with your life. An inside tracker is taking steps towards that bright, to me bright future. So they're using data from your blood, DNA data, fitness tracker data, all of that to give you lifestyle recommendations. I'm really glad they are pushing this kind of work forward. Get special savings for a limited time when you go to inside tracker.com slash Lex. This is the Lex treatment podcast and now dear friends, here's Jeff Bezos. You spent a lot of your childhood with your grandfather on a ranch here in Texas.
Starting point is 00:08:59 And I heard you had a lot of work to do around the ranch. So what's the coolest job you remember doing there? Wow, coolest. Most interesting. Most memorable. Most memorable. you had a lot of work to do on the ranch. So what's the coolest job you remember doing there? Wow cool list. Most interesting. Most memorable. Most memorable. It was it was real it's a real working ranch. My grand and I spent all my summers on that ranch from age four to 16. And my grandfather was really taking me those in the summers and in the the early summers, he was letting me pretend to help on the ranch. Because of course, a four-year-old is a burden,
Starting point is 00:09:28 not a help in real life, who can really just watching me and taking care of me. He was doing that because my mom was so young. She had me when she was 17. And so he was sort of giving her a break and my grandmother and my grandfather would take me for the summers. But as I got a little older, actually, was helpful on the ranch and I loved it. I was out there like
Starting point is 00:09:49 my grandfather had a huge influence on me, huge factor in my life. I did all the jobs you would do on a ranch. I've fixed windmills and laid fences and pipelines and, you know, done all the things that any rancher would do, vaccinated the animals, everything. But we had a, you know, my grandfather, after my grandmother, they died, I was about 12 and I kept coming to the ranch so it was then it was just him and me, just the two of us. And he was completely addicted to the soap opera,
Starting point is 00:10:25 the days of our lives. And we would go back to the ranch house every day around one p.m. or so to watch days of our lives. And like, sands through an hour glass. So are the days of our lives. Just the image of that that you were sitting there. I'm watching a soap opera. He had these big crazy dogs.
Starting point is 00:10:43 It was really a very formative experience for me. But the key thing about it for me, the great gift I got from it, was that my grandfather was so resourceful. You know, he did everything himself. He made his own veterinarials. He would make needles to suture the cattle up with. He would find a little piece of wire and heat it up and pound it then and drill a hole in it and sharpen it. So you learn different things on a ranch than you would learn growing up in a city. So self-reliance? Yeah. Like, figuring out that you can solve problems with enough persistence and genuity. And I grabbed father Bada D6 bulldozer, which is a big bulldozer, and he got it for like $5,000 because it was completely broken down. It was like a 1955 caterpillar D6 bulldozer,
Starting point is 00:11:33 knew it would have cost, I don't know, more than $100,000. And we spent an entire summer fixing, like repairing that bulldozer. We'd use mail order to buy big gears for the transmission and they'd show up and they'd be too heavy to move so we'd have to build a crane. You know, just that kind of problem solving mentality, he had it so powerfully.
Starting point is 00:11:58 You know, he did all of his own. He didn't pick up the phone and call somebody. He would figure it out on his own. He'd do his own veter he didn't pick up the phone and call somebody, he would figure it out on his own, doing his own veterinary work, you know. But just the image of the two, you fixing a D6 bulldozer and then going in for a little break at 1 p.m. to 1 p.m. to 1 soap opera. Laying on the floor, that's how he watched TV. He was a really, really remarkable guy.
Starting point is 00:12:21 That's how I imagine Clint Eastwood also, you know, all those Westerns when he's when he's not doing what he's doing is just watching soap operas. All right. I read that you fell in love with the idea of space and space exploration when you were five watching you are strong walking on the moon. So let me ask you to look back at the historical context and impact of that. So the space race from 1957 to 1969 between the Soviet Union and the US was in many ways epic. It was a rapid sequence of dramatic events for satellite to space, for human to space,
Starting point is 00:13:01 for a spacewalk, first uncrewed landing on the moon, then some failures, explosions, death on both sides actually, and then the first human walking on the moon. What are some of the more inspiring moments or insights you take away from that time, those few years, at just 12 years? Well, I mean, there's so much inspiring there. You know, one of the great things to take away from that one of the great von Braun quotes is I have I have come to use the word impossible with great caution And so that's kind of the big story of Apollo is that things you know
Starting point is 00:13:41 Going to the moon was literally an analogy that people used for something that's impossible. Oh yeah, you'll do that when men walk on the moon. And of course, it finally happened. So I think it was pulled forward in time because of the space race. I think with the geopolitical implications and how much resource was put into it, the peak
Starting point is 00:14:07 that program was spending 2 or 3% of GDP on the Apollo program, so much resource, I think it was pulled forward in time. We did it ahead of when we, quote unquote, should have done it. And so in that way, it's also a tactical marvel. I mean, it's truly incredible. It's the 20th century version of building the pyramids or something. It's an achievement that, because it was pulled forward
Starting point is 00:14:38 in time, and because it did something that had previously been thought impossible, it rightly deserves its place as, in the pantheon of great human achievements. And of course, you named the projects, the rockets that Blue Origin is working on after some of the folks involved. Yeah.
Starting point is 00:14:54 I don't understand why I didn't say New Gagarin. Is that American bias in the naming? I apologize. It's very strange. Alexa. She's asking for a friend. I have a big fan of Gagarin's though. And the fact I, I think his first words in space, I think, are incredible.
Starting point is 00:15:12 He purportedly said, my God, it's blue. And that really drives home. No one had seen the earth from space. No one knew that we were on this blue planet. No one knew what it were on this blue planet. No one knew what it looked like from out there. And Gagarin was the first person to see it. One of the things I think about is how dangerous those early days were for Gagarin, for Gland, for everybody involved, like how big of a risk they were all taking huge risks. I'm not sure what the Soviets thought about Gagarin's flight, but I think that
Starting point is 00:15:46 the Americans thought that the Alan Shepherd flight, the flight that, you know, New Shepard is named after the first American in space. He went on his suburbial flight. They thought he had about a 75% chance of success. So, you know, that's a pretty big risk, a 25% risk. It's kind of interesting that Alan Shepherd pretty big risk, a 25% risk. It's kind of interesting that Alan Shepard is not quite as famous as John Glenn. So, for people who don't know, Alan Shepard is the first astronaut. The first American in space. American in suborbital flight.
Starting point is 00:16:18 Correct. And then the first orbital flight is... That John Glenn is the first American to orbit the Earth. By the way, I have the most charming, sweet, incredible letter from John Glenn, which I have framed and hang on my office wall, where he tells me how grateful he is that we have named New Glenn after him. And it sent me that letter about a week before he died. And it's really an incredible. It's also a very funny letter.
Starting point is 00:16:46 He's writing and he says, you know, this is a letter about New Glenn from the original Glenn. And he's got a great sense of humor and he's very happy about it and grateful. It's very sweet. Does he say PS don't mess this up or is it? No, he doesn't. Make me look good. He doesn't do that.
Starting point is 00:17:05 OK. But we put John wherever you are. We got your car. All right. Good. So back to maybe the big picture of space, when you look up at the stars and think big, what do you hope is the future of humanity?
Starting point is 00:17:19 Hundreds, thousands of years from now out in space. I would love to see a trillion humans living in the solar system. If we had a trillion humans, we would have, in any given time, a thousand Mozart and a thousand Einstein's, that would be our source system before life and intelligence and energy. And we can easily support a civilization that large with all of the resources in the solar system. So what do you think that looks like giant space stations? Yeah, the only way to get to that vision is with giant space stations. You know, the planetary
Starting point is 00:17:58 surfaces are just way too small. So you can, I mean, unless you turn them into giant space stations or something, but yeah, we will take materials from the moon and from near earth objects and from the asteroid belt and so on, and we'll build a giant, onule style colonies and people will live in those. And they have a lot of advantages over planetary surfaces. You can spend them to get normal earth gravity. You can spend them to get normal Earth gravity. You can put them where you want them. I think most people are going to want to live near Earth, not necessarily in Earth orbit, but in Earth vicinity orbits.
Starting point is 00:18:40 And so they can move relatively quickly back and forth between their station and earth. So I think a lot of people, especially in the early stages, are not gonna wanna give up earth altogether. They go to earth for vacation. Yeah. Same way that you might go to Yellowstone National Park for vacation, people will,
Starting point is 00:19:01 and people will get to choose where they live on earth or where they live in space, but they'll be able to use much more energy and much more material resource in space than they would be able to use on earth. One interesting idea is you had is to move the heavy industry away from earth. So people sometimes have this idea that somehow space exploration is in conflict with the celebration of the planet Earth, that we should focus on preserving Earth. And basically, your idea is that space travel and space exploration is a way to preserve Earth. Exactly. This planet, we've sent robotic probes to all the planets. We know that this is
Starting point is 00:19:43 the good one Not to play favorites everything. The earth really is the good planet. It's an amazing. It's amazing the ecosystem We have you're all of the life and the lush The plant life and you know the water resources everything this planet is really extraordinary And of course we evolved on this planet. So of course, it's perfect for us. But it's also perfect for all the advanced life forms on this planet, all the animals and so on. And so this is a gym. We do need to take care of it. And as we enter the Anthropocene, as we get, as we humans have gotten so sophisticated and large and impactful, as we strive across this planet. You know, it's that that is gonna as we continue.
Starting point is 00:20:30 We want to use a lot of energy. We want to use a lot of energy per capita. We've gotten amazing things. We don't want to go backwards. You know, if you think about the good old days, they're mostly in illusion. Like in almost every way, life is better for almost everyone today than it was say 50 years ago or a hundred years ago.
Starting point is 00:20:54 We live better lives by and large than our grandparents did and their grandparents did and so on. And you can see that in global illiteracy rates, global poverty rates, global infant mortality rates, like almost any metric you choose, we're better off than we used to be. We get antibiotics and all kinds of life-saving medical care and so on and so on. And there's one thing that is moving backwards and it's the natural world. So it is a fact that 500 years ago pre-industrial age, the natural world was pristine.
Starting point is 00:21:31 It was incredible. And we have traded some of that pristine beauty for all of these other gifts that we have as an advanced society. And we can have both. But to do that, we have to go to space. And all of this really, the most fundamental measure is energy usage per capita. And when you look at, you know, you do want to continue to use more and more energy. It is going to make your life better in so many ways, but that's not compatible ultimately with living on a finite planet.
Starting point is 00:22:07 So we have to go out into the solar system. And really you can argue about when you have to do that, but you can't credibly argue about whether you have to do that. Eventually we have to do that. Exactly. You don't often talk about it, but let me ask you on that topic about the blue ring and the orbital reef space infrastructure projects. What's your vision for these? So blue ring is a very interesting spacecraft that is designed to take up to
Starting point is 00:22:39 3,000 kilograms of payload up to geostean crous orbit or in lunar vicinity, it has two different kinds of propulsion. It has chemical propulsion and it has electric propulsion. And so you can use bluing in a couple of different ways. You can slowly move, let's say, up to geosynchronous orbit using electric propulsion that might take, you know, 100 days or 150 days depending on how much mass you're carrying. And then and reserve your chemical propulsion so that you can change orbits quickly in geo-synchronous orbit. Or you can use the chemical propulsion first to quickly get up to geo-synchronous and then use your electrical propulsion to slowly change your geo-synchronous orbit. Blue Ring has a couple of interesting features.
Starting point is 00:23:28 It provides a lot of services to these payloads. So there could be one large payload or it can be a number of small payloads. And it provides thermal management, it provides electric power, it provides compute, provides communications, and so when you design a payload for Blue Ring, you don't have to figure out all of those things on your own. So kind of radiation tolerant compute is a complicated thing to do, and so we have an unusually large amount of radiation tolerant compute on board blue ring, and your payload can just use that what it needs to.
Starting point is 00:24:11 So it's a sort of all these services. It's like a set of APIs. It's a little bit like Amazon Web Services, but for space payloads, they need to move about an earth vicinity or lunar vicinity. A-W-S-S. Okay, so, so compute and space.
Starting point is 00:24:31 So you get a giant chemical rocket to get a payload out to orbit and then you have these admins that show up, this bluring thing that manages various things like compute. Exactly. And it can also provide transportation and move you around to different orbits. Including humans, do you think? No. Blue Ring is not designed to move humans around. It's designed to move payloads around.
Starting point is 00:24:55 So we're also building a lunar lander, which is of course designed to land humans on the surface of the moon. I'm going to ask you about that. Let me actually just step back to the old days. You were at Princeton with aspirations to be a theoretical physicist. What attracted you to physics and why did you change your mind and not become? Why are you not Jeff Bezos, the famous theoretical physicist? So I loved physics and I studied physics and computer science and I was proceeding along the physics path I was playing to major in physics and I
Starting point is 00:25:35 wanted to be a theoretical physicist and I was in the computer science was sort of something I was doing for fun. I really loved it. And I was very good at the programming and doing those things, and I enjoyed all my computer science classes immensely. But I really was determined to be a theoretical physicist. I swi went to Princeton in the first place, it was definitely. And then I realized I was going to be a mediocre theoretical physicist. And there were a few people in my classes like Inquanama canyons and so on who they could effortlessly do things that were so difficult for me. And I realized, there are a thousand ways to be smart. And to be really, theoretical physics is not one of those fields where the,
Starting point is 00:26:26 you know, only the top few percent actually move the state of the art forward. It's one of those things where you have to be really, just your brain has to be wired in a certain way. And there was a guy named, one of these people who was convinced me, he didn't mean to convince me, but just by observing him, he convinced me, he didn't mean to convince me, but just by observing
Starting point is 00:26:46 him, he convinced me that I should not try to be a theoretical physicist. His name was Yosanta. And Yosanta was from Sri Lanka. And he was one of the most brilliant people I'd ever met. My friend, Joe and I, were working on a very difficult partial differential equations, problems set one night. And there was one problem that we worked on for three hours, and we made no headway whatsoever. And we looked up at each other at the same time, and we said, yo-santa.
Starting point is 00:27:18 So we went to yo-santa's dorm room, and he was there. He was almost always there. And we said, yo-santa, we're having trouble solving this parcel differential equation, which mind taking a look. And he said, of course, by the way, he was the most humble, most kind person. And so he took our, he looked at our problem and he stared at it for just a few seconds, maybe 10 seconds, and he said, cosine. And I said, what do you mean, you're Santa? What do you mean, cosine?
Starting point is 00:27:48 He said, that's the answer. And I said, no, no, come on. And he said, let me show you. And he took out some paper, and he wrote down three pages of equations. Everything canceled out. And the answer was cosine. And I said, you're Santa. Did you do that in your head?
Starting point is 00:28:04 And he said, no, Santa, did you do that in your head? And he said, I don't know, that would be impossible. A few years ago, I solved a similar problem and I could map this problem onto that problem. And then it was immediately obvious that the answer was cosine. I had a few, you know, you have an experience like that. You realize maybe being a theoretical physicist isn't sure the universe wants you to be. And so I switched to computer science and that worked out really well for me. I still enjoy it today. Yeah, there's a particular kind of intuition you need to be a great physicist, in applied to physics. I think the mathematical skill required today is so high. You have to be a world-class mathematician to be a successful theoretical physicist today, and it's not, you know,
Starting point is 00:28:56 you probably need other skills too, intuition, lateral thinking, and so on, but without the without just top-notch math skills, you're unlikely to be successful. And visualisation skill you have to be able to really kind of do these kind of thought experiments. And if you want a truly great creativity, actually walk your Isaacson rights about you, puts you on the same level as Einstein. That's very kind. I'm an a very kind. I'm an inventor. If you want to boil down what I am, I'm really an inventor. I look at things and I can come up with a typical solutions.
Starting point is 00:29:38 I can create 100 such a typical solutions for something. 99 of them may not survive scrutiny. But one of those 100 is like, maybe there is, maybe that might work, and then you can keep going from there. So that kind of lateral thinking, that kind of inventiveness, in a high dimensionality space, where the surge space is very large, that's where my inventive skills come. That's the thing I'm if I I self-identify as an inventor more than anything else. Yeah, and he describes in all kinds of different ways Walter is does that creativity
Starting point is 00:30:18 combined with childlike Launder that you've maintained Still to this day, all of that combined together, is there like if you were to study your own brain in retrospect, how do you think? What's your thinking process like? We'll talk about the writing process
Starting point is 00:30:34 of putting it down on paper, which is quite rigorous and famous at Amazon. But how do you, when you sit down, maybe alone, maybe with others and thinking through this high dimensional space and looking for creative solutions, creative paths forward? Is there something you could say about that process? It's such a good question, and I honestly don't know how it works if I did. I would try to explain it.
Starting point is 00:31:02 I know it involves lots of wandering. Yeah. So, you know, when I sit down to work on a problem, I know I don't know where I'm going. So to go in a straight line, to be efficient, efficiency and invention are sort of at odds, because invention, real invention, not incremental improvement. And communal improvement is so important. And every endeavor and everything you do, you have to work hard on also just making things a little bit better. But I'm talking about real invention, real lateral thinking, that requires wandering.
Starting point is 00:31:37 And you have to give yourself permission to wander. I think a lot of people, they feel like wandering is inefficient. And, you know, like, when I sit down at a meeting, I don't know how long the meeting is going to take if we're trying to solve a problem. Because if I did, then I'd already, I know there's some kind of straight line that we're drawing to the solution. The reality is, we may have to wander for a long time. And I do like group invention. I think there's really nothing more fun than sitting at a whiteboard with a group of smart people and
Starting point is 00:32:21 spitballing and coming up with new ideas and objections to those ideas and then solutions to the objections and going back and forth. So like, you know, sometimes you wake up with an idea in the middle of the night and sometimes you sit down with a group of people and go back and forth and both things are really pleasurable. And when you wander, I think one key thing is to notice a good idea and to maybe to notice the kernel of a good idea, maybe pull out that string because I don't think a good idea has come fully formed. A hundred percent right.
Starting point is 00:33:03 In fact, when I come up with what I think is a good idea and it survives kind of the first level of scrutiny, you know, that I do in my own head. And I'm ready to tell somebody else about the idea. I will often say, look, it is going to be really easy for you to find objections to this idea. But work with me. There's something there. There's something there. And that is intuition. Because it's really easy to kill new ideas in the beginning, because they do have so many, there's so many easy objections to them. So you need to, you need to kind of forewarn people and say, look, I know it's going to take a lot of work to get this to a fully formed idea. Let's get
Starting point is 00:33:44 started on that. It'll be fun. So you got that ability to say cosine and use them somewhere after all. Maybe not on math. In a different domain. Yeah. There are a thousand ways to be smart by the way. And that is a really like when I go around, you know, and I meet people, I'm always looking for the way that they're smart and you find, that's one of the things that makes the world so interesting and fun is that it's not like IQ is a single dimension. There are people who are smart in such unique ways.
Starting point is 00:34:22 Yeah, you just gave me a good response is when somebody calls me an idiot on the internet. You know, that's a thousand ways to be smart, sir. Well, they might tell you, yeah, but there are a million ways to be done. You don't, yeah. Right. You feel like that's a Mark Twinkult.
Starting point is 00:34:37 Okay. All right, you gave me an amazing tour of Blue Origin, Rocket Factory and Launch Complex and the historic Cape Canaveral. That's when you Glenn, the big rocket we talked about is being built and will launch. Can you explain what the new Glenn rocket is and tell me some interesting technical aspects of how it works? Sure. New Glenn is a very large, heavy lift launch vehicle. It'll take about 45 metric tons to Leo, a very large class. It's about half the thrust, a little more than half the thrust of the Saturn V rocket.
Starting point is 00:35:20 So it's about 3.9 million pounds of thrust on lift off. The booster has seven BE4 engines. The each engine generates a little more than 550,000 pounds of thrust. The engines are fueled by liquid natural gas, liquefied natural gas, LNG, as the fuel and locks as the oxidizer. The cycle is an ox-rich stage combustion cycle. It's a cycle that was really pioneered by the Russians. It's a very good cycle. And that engine is also going to power the first stage of the Vulcan rocket, which is the
Starting point is 00:35:59 United Launch Alliance rocket. Then the second stage of new Glenn is powered by two BE3U engines, which is an upper stage variant of our new shepherd liquid hydrogen engine. So the BE3U has 160,000 pounds of thrust, so two of those 320,000 pounds of thrust. And hydrogen is a very good propellant for upper stages because it has very high ISP. It's not a great propellant, in my view, for booster stages because the stages then get physically so large. Hydrogen has very high ISP, but liquid hydrogen is not dense at all. So to store liquid hydrogen,
Starting point is 00:36:45 if you need to store many thousands of pounds of liquid hydrogen, your tank, your liquid hydrogen tank, it's very large. So you really, you get more benefit from the higher ISP, the specific impulse. You get more benefit from the higher specific impulse on the second stage. And that stage carries less for talent, so you don't get such geometrically gigantic tanks.
Starting point is 00:37:10 The Delta IV is an example of a vehicle that is all hydrogen. The booster stage is also hydrogen, and I think that it's a very effective vehicle, but it never was very cost effective. So it's operationally very capable, but not very cost effective. So size is also costly. Size is costly. So it's interesting. Rockets love to be big.
Starting point is 00:37:32 Everything works better. What do you mean by that? You've told me that before. It sounds epic. What was it? I mean, when you look at the kind of the physics of rocket engines, and also when you look at parasitic mass, it does it. If you have, let's say you have an avionic system, so you have a guidance
Starting point is 00:37:52 and control system, that is going to be about the same mass and size for a giant rocket as it is going to be for a tiny rocket. And so that's just parasitic mass that is very consequential if you're building a very small rocket, but it's trivial if you're building a very large rocket. So you have the parasitic mass thing. And then if you look at, for example, rocket engines have turbo pumps. They have to pressurize the fuel and the oxidizer up to a very high pressure level in order to inject it into the thrust chamber where it burns. And those pumps, all rotating machines, in fact, get more efficient as they get larger. So really tiny turbo pumps are very challenging to manufacture.
Starting point is 00:38:44 challenging to manufacture and any kind of gaps, you know, are like between the housing, for example, and the rotating impeller that pressurizes the fuel, there has to be some gap there. You can't have those parts scraping against one another. And those gaps drive inefficiencies. And so, you know, if you have a very large turbo pump, those gaps and percentage terms end up being very small.
Starting point is 00:39:08 And so, there's a bunch of things that you end up loving about having a large rocket and that you end up hating for a small rocket. But there's a giant exception to this rule and it is manufacturing. So, manufacturing large structures is very, very challenging. It's a pain in the butt. And so, you know, if you're making a small rocket engine, you can move all the pieces by
Starting point is 00:39:33 hand, you can assemble it on a table. One person can do it. You don't need cranes and heavy lift operations and tooling and so on and so on. When you start building big objects, infrastructure, civil infrastructure, just like the launch pad and all this, we went and visited it and took you to the launch pad and you can see it's so monumental. And so just these things become major undertakings
Starting point is 00:40:02 both from an engineering point of view but also from a construction and cost point of view. Even the foundation of the launch pad, I mean, this is Florida, isn't like Swampland, like how deep that adult at Cape Canaveral, yeah. In fact, in most ocean, you know, most large paths are on beaches somewhere in the oceans like because you want to launch over water for safety reasons. The, yes, you have to drive pilings, dozens and dozens and dozens of pilings,
Starting point is 00:40:39 50, 150 feet deep to get enough structural integrity for these very large. Yes, these turn into major civil engineering projects. I just have to say everything about that factory is pretty bad as he's tooling. The bigger he gets, the more, the more epic it is. It does make it epic. It's fun to look at. It's extraordinary. It's humbling also because the human's are so small compared to it. We are building these enormous machines that are harnessing enormous amounts of chemical power, you know, in very,
Starting point is 00:41:10 very compact packages. It's truly extraordinary. But then there's all the different components and the materials involved. Is there something interesting that you can describe about the materials that comprise the rocket. So it has to be as light as possible, I guess, whilst withstanding the heat and the harsh conditions. Yeah, I play a little kind of game sometimes with other rocket people that I run into where say, what are the things that would amaze the 1960s engineers. Like what's changed? Because surprisingly, some of rocketry's greatest hits have not changed. They are still, they would recognize immediately
Starting point is 00:41:51 a lot of what we do today. And it's exactly what they pioneered back in the 60s. But a few things have changed. The use of carbon composites is very different today. We can build various sophisticated, you saw our carbon tape laying machine that builds the giant fairings, and we can build these incredibly light,
Starting point is 00:42:17 very stiff, fairing structures out of carbon composite material that they could not have dreamed of. I mean, the efficiency, the structural efficiency of that material is so high compared to any, you know, metallic material you might use or anything else. So that's one. Illuminum lithium and the ability to friction stir weld aluminum lithium. The friction stir welding that I should do.
Starting point is 00:42:50 This is a remarkable technology. This invented decades ago, but has become very practical over the just the last couple of decades. Instead of using heat to weld two pieces of metal together. It literally stirs the two pieces. There's a pin that rotates at a certain rate and you put that pin between the two plates of metal that you want to weld together. And then you move it at a very precise speed and instead of heating the material, it heats it a little bit because of friction, but not very much. You can literally immediately immediately after welding,
Starting point is 00:43:26 with stirr-fixion welding, you can touch the material and it's just barely warm. It literally stirs the molecules together. It's quite extraordinary. Relatively low temperature, and I guess high temperatures will make them, that makes it a weak point. Exactly, so with traditional welding techniques, you may have whatever the underlying
Starting point is 00:43:47 strength characteristics of the material are, you end up with weak regions where you weld. And with friction stir welding, the welds are just as strong as the bulk material. So it really allows you, because when you're, you know, let's say you're building a tank that you're going to pressurize, you know, a large, you know, liquid natural gas tank for our booster stage, for example, you know, if you are dwelling that with traditional methods, you have to size those weld lands, the thickness of those pieces with that knockdown for whatever damage you're doing with the weld, and that's going to add a lot of weight to that tank. I mean, even just looking at the fairings,
Starting point is 00:44:25 the result of that, the complex shape that it takes, and like what it's supposed to do is kind of incredible, because people don't know it's on top of the rocket, it's going to fall apart. That's its task, but it has to stay strong sometimes, and then disappear what it needs to. That's right. So very difficult task. Yes. sometimes, and then disappear what it needs to. That's right.
Starting point is 00:44:45 She's a very difficult task. Yes. When you need something that needs to have 100% integrity, until it needs to have 0% integrity, it needs to stay attached until it's ready to go away. And then when it goes away, it has to go away completely. You use explosive charges for that. And so it's a very robust way of separating structure when you need to.
Starting point is 00:45:09 Exploding. Yeah. It was a little tiny bits of explosive material. And it just, it will sever the whole connection. So if you want to go from 100% structural integrity to zero as fast as possible. It's explosive. It's explosive.
Starting point is 00:45:28 The entirety of this thing is so bad as. Okay, so we're back to the two stages. So the first stage is reusable. Yeah, second stage is expendable. Second stage is liquid hydrogen, liquid oxygen. So we get to take advantage of the higher specific impulse. The first stage lands downrange on a landing platform in the ocean. Comes back for maintenance and get ready to do the next mission.
Starting point is 00:45:56 I mean, there's a million questions, but also is there a path to always re-usability for the second stage? There is, and we know how to do that. Right now, we're going to work on manufacturing that second stage to make it as inexpensive as possible. There's sort of two paths for a second stage. Make it reusable. Or work really hard to make it inexpensive so you can afford to expend it. And that trade is actually not obvious which one is
Starting point is 00:46:28 better. Even in terms of cost, even like time costs. I'm talking about costs. Space flight getting into orbit is a problem. We solved it back in the 50s and 60 thing that the only interesting problem is dramatically reducing the cost of access to orbit which is if you can do that you open up a bunch of new you know endeavors that lots of startup companies everybody else can do so that's we really that's our one of our missions is to be part of this industry and lower the cost orbit so that there can be a kind of a renaissance, a golden age of people doing all kinds of interesting things in space. I like how you said getting to orbit is a solved problem.
Starting point is 00:47:19 It's just the only interesting thing is reducing the cost. You know, you can describe every single problem facing human civilization that way. And physicists would say, everything is a solved problem. We've solved everything. The rest is just, what the Rutherford said, that it's just stamp collecting. There's just a detail.
Starting point is 00:47:36 Some of the greatest innovations and inventions and brilliance is in that cost reduction stage, right? And you've had a long career of cost reduction. For sure. And you know, when you, what does cost reduction really mean? It means inventing a better way. Yeah, exactly. Right. And when you invent a better way, you make the whole world richer. So, you know, whatever it was, I don't know how many thousands of years ago, somebody invented the plow. And when they invented the plow, they made the whole world richer because they made farming less expensive. And so it is
Starting point is 00:48:11 a big deal to invent better ways. That's how the world gets richer. So what are some of the biggest challenges on the manufacturing side and the engineering side there you're facing in working to get to the first launch of New Glendor. The first launch is one thing and we'll do that in 2024 coming up in this coming year. The real thing that's the bigger challenge is making sure that our factory is efficiently manufacturing at rate. So rate production. So consider if you want to launch New Glenn, you know, 24 times a year. You need to manufacture a upper stage since they're expendable. Every, you know, twice a month, you need to do whatever, two weeks. So you need to be, you need to have all of your manufacturing facilities and processes and inspection techniques and acceptance tests and everything operating at rate and rate manufacturing is at least as difficult as
Starting point is 00:49:22 designing the vehicle in the first place in the same thing. So every every Upper stage has to be through you engines. So those engines, you know, you need if you're gonna launch This the vehicle twice a month you need four engines a month. So you need an engine every week So you need to be that engine needs to be being produced at rate and and that's a and there's all the things that you need to be, that engine needs to be being produced at rate. And that's a, and there's all of the things that you need to do that, all the right machine tools, all the right fixtures, the right people, process, et cetera. So it's one thing to build a first article, right? So that's, you know, we to launch New Glenn for the first time, you need to produce a first article.
Starting point is 00:50:06 But that's not the hard part. The hard part is everything that's going on behind the scenes to build a factory that can produce New Glenn's at rate. So the first one is produced in a way that enables the production of the second, the third, and the fourth, and the fifth and so on. You could think of the first article as kind of pushing, it pushes all of the rate manufacturing technology along. In other words, it's kind of the, you know, it's the test article in a way that's testing out your manufacturing technologies.
Starting point is 00:50:42 The manufacturing is the big challenge. Yes. I mean, I don't want to make it sound like any of it is easy. I mean, the people who are deciding the engines and all of this, all of it is hard for sure. But the challenge right now is driving really hard to get to, is to get to rate manufacturing, to do that in an efficient way. Again, kind of back to our cost point. If you get to rate manufacturing and to do that in an efficient way. Again, kind of back to our cost point. If you get to rate manufacturing in an inefficient way,
Starting point is 00:51:09 you haven't really solved the cost problem and maybe you haven't really moved this data the art forward. All this has to be about moving this data the art forward. There are easier businesses to do. I always tell people, look, if you are trying to make money, you know, start a salty snack food company or something. You know, you're right. That idea.
Starting point is 00:51:28 I think make the Lex Friedman potato chips. You know, this don't say it is that people want to steal it. But yeah, it's hard. You see what I was saying? It's like, there's nothing easy about this business. And, but it's its own reward. It's fascinating. It's like, there's nothing easy about this business. But it's its own reward. It's fascinating, it's worthwhile, it's meaningful. And so, you know, I don't want to pick
Starting point is 00:51:54 on salty snack food companies, but I think it's less meaningful. At the end of the day, you're not gonna have accomplished something amazing. Yeah, there's something. Even if you do make a lot of money at it. Yeah, there's even if you do make a lot of money at it. Yeah, there's something funny about the different about the quote-unquote business of space exploration.
Starting point is 00:52:09 Yeah, for sure. It's a grand project of humanity. Yes, it's one of humanity's grand challenges. And especially as you look at going to the moon and going to Mars and building giant O'Neill colonies and unlocking all the things, you know, I won't live long enough to see the fruits of this, but the fruits of this come from building a road to space, getting the infrastructure. I give you an analogy. When I started Amazon, I didn't have to develop a payment system. It already existed. It was called
Starting point is 00:52:45 the credit card. I didn't have to develop a transportation system to deliver the packages. It already existed. It was called the postal service and Royal Mail and Deutsche Post. And so on. So all this heavy lifting infrastructure was already in place, and I could stand on its shoulders. And that's why when you look at the internet, by the way, another giant piece of infrastructure that was around in the earlier, and taking you back to like 1994, people were using dial-up modems,
Starting point is 00:53:18 and it was piggybacking on top of the long-distance phone network. That's how the internet, that's how people were accessing servers and so on. And again, if that hadn't existed, it would have been hundreds of billions of CapEx to put that out there. No startup company could have done that. And so the problem, you know, you see, if you look at the dynamism in the internet space over the last 20 years, it's because you see like two kids in a dorm room could start an internet company that could be successful and do amazing things because they didn't have to build heavy infrastructure
Starting point is 00:53:57 was already there. And that's what I want to do. I take my Amazon winnings and use that to build heavy infrastructure. So the next generation, the generation that's my children and their children, those generations can then use that heavy infrastructure. Then there'll be space entrepreneurs who start in their dorm room. That will be a marker of success when you can have a really valuable space company started in a dorm room, then we know that we've built enough infrastructure so that ingenuity and
Starting point is 00:54:35 imagination can really be unleashed. I find that very exciting. They will of course, as kids do take all of this hard infrastructure ability for granted. Of course. That's an entrepreneurial spirit. That's a, um, an inventor's greatest dream is that their inventions are so successful that they are one day taken for granted. You know, nobody thinks of Amazon as an invention anymore.
Starting point is 00:55:00 Nobody thinks of customer reviews as an event. We pioneered customer reviews, but now they're so commonplace. Same thing with one click shopping and so on. But that's a compliment. That's how, you know, you, you, you invent something that's so used, so beneficial used by so many people that they take it for granted. I don't know about nobody. Every time I use Amazon, I'm still amazed how does this work. every time I use Amazon, I'm still amazed how does this work? That proves you're a very curious explorer. All right, all right. Back to the rocket. Timeline. You said 2024, as it stands now, are both the first test launch and the launch
Starting point is 00:55:38 of Escapade Explorers to Mars still possible? It's 2024. Yeah, I think so. For sure, the first launch, and then we'll see if, if Escapede goes on that or not, I think that the first launch for sure, and I hope Escapede too. Oh, hope. Well, I just don't know which mission it's, it's actually going to be slated on. So we also have other things that might go on that first mission. Oh, I got it, but you're optimistic that the launch is still. Oh, the first it, but you're optimistic that the launch is still the first launch. I'm very optimistic that the first launch of New Glenn will be in 2024 and I'm just not 100% certain what
Starting point is 00:56:11 payload will be on that first launch. You nervous about it? Are you kidding? I'm extremely nervous about it. 100%. I've, you know, every, every launch I go to for new shepherd for other vehicles too. I'm always nervous for these launches. But yes, for sure. A first launch to have no nervousness about that would be some side of derangement, I think. Well, I get the visit launchman is pretty, I think that's a big. You know, we have done a tremendous amount of ground testing, a tremendous amount of simulation. So, you know, a lot of the problems that we might find and
Starting point is 00:56:55 flight have been resolved, but there are some problems you can only find in flight. So, you know, cross your fingers. I guarantee you you'll, you'll have fun watching it no matter what happens. 100% when the thing is fully assembled comes up. Yeah, the transporter erector, just transporter erector for a rocket of this scale
Starting point is 00:57:17 is extraordinary. That's an incredible machine. The vehicle travels out horizontally and then kind of, you know, comes up. Over a few hours. Yeah, it's a beautiful thing to watch. Speaking of which, if that makes you nervous, I don't know if you remember, but you were aboard a new shepherd on its first crude flight.
Starting point is 00:57:44 How was that experience? Were you terrified then? Strangely, I wasn't, you know, I ride the rocket. It's never a dream. I've watched other people ride in the rocket and I'm more nervous than when I was inside the rocket myself. It was a difficult conversation to have with my mother when I told her I was going
Starting point is 00:58:06 to go on the first one. And not only was I going to go, but I was going to bring my brother too. This is a tough conversation to have with a mom. And the long pause. You're both of you. It was an incredible experience. And we were laughing inside the capsule and we're not nervous. To people on the ground were very nervous for us. It was actually one of the most emotionally powerful parts of the experience was not, it happened even before the flight at 4.30 in the morning. Brother and I are getting ready to go to the launch site and Lauren is going to take us there in her helicopter and we're getting ready to leave and we go outside outside the
Starting point is 00:58:57 ranch house there in West Texas where the launch facility is. the large facilities. And all of our family, my kids and my brothers' kids and our parents and close friends are assembled there. And they're saying goodbye to us, but they're kind of saying maybe they think they're saying goodbye to us forever. And we might not have felt that way, but it was obvious from their faces how nervous they were that they felt that way. And it was sort of powerful because it allowed us to see, it was almost like a tenning room memorial service or something like you could feel how loved you were in that moment. And it was, it was really amazing. Yeah. And I mean, there's just an epic nature to it too.
Starting point is 00:59:46 The ascent, floating in zero gravity, it'll take you something very interesting. Zero gravity feels very natural. I don't know if it's because we, you know, it's like return to the wound or what is. It just confirms your nailing, but that's it. I think that's what you just said. It feels so what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is.
Starting point is 01:00:06 I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is.
Starting point is 01:00:14 I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is.
Starting point is 01:00:22 I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don't know what it is. I don. The great Jim Lovell quote, you know, he looked back at the earth from space and he said, he realized, you don't go to heaven when you die, you go to heaven when you're born. And it's just, you know, that's the feeling that people get when they're in space. You see all this blackness, all this nothingness, and there's one gem of life and it's earth. It is a gem. What you know, you've talked a lot about decision-making throughout your time with Amazon. What was that decision like to try to be the first to try a new shepherd? Like what?
Starting point is 01:00:58 Just before you talk to your mom. Yeah. What like the pros and and cons like actually as one human being as a leader of a company On all fronts like what was that decision making like I decided that first of all I knew the vehicle Extremely well. I know the team who built it. I know the vehicle The I'm very comfortable with the escape system. We put as much effort into the escape system on that vehicle as we put into all the rest of the vehicle combined. It's one of the hardest pieces of engineering in the entire new separate architecture. Can you actually describe what do you mean by escape system?
Starting point is 01:01:42 We have a solid rocket motor in the base of the crew capsule. So that if anything goes wrong on accent, you know, while the main rocket engine is firing, we can ignite this solid rocket motor in the base of the crew capsule and escape from the booster. It's a very challenging system to build, design, validate, test, all of these things. It is the reason that I am comfortable letting anyone go on new shepherd.
Starting point is 01:02:16 So the booster is as safe and reliable as we can make it. But we are harnessing, whenever you're talking about rocket engines, I don't care what rocket engines you're talking about, you are harnessing such vast power in such a small compact geometric space. The power density is so enormous that it is impossible to ever be sure that nothing will go wrong. And so the only way to improve safety is to have an escape system.
Starting point is 01:02:54 And historically, human-rated rockets have had escape systems. Only the space shuttle did not. But Apollo had one, all of the previous Gemini, etc., they all had escape systems. And we have on new separate unusual escape. Most escape systems are towers. We have a pusher escape system. So the solid rocket motor is actually embedded in the base of the crew capsule and it pushes. And it's reusable in the sense that if we don't use it, so if we have a nominal mission, we land with it. The tower systems have to be ejected at a certain point in the mission, and so they get wasted even in a nominal mission. And so again, it costs really matters on these things.
Starting point is 01:03:41 So we figured out how to have the escape system be a reusable in the event that it's not really a matter of the things. We figured out how to have the escape system be a reusable and the event that it's not used, you can reuse it and have it be a pusher system. It's a very sophisticated thing. I knew these things. You asked me about my decision to go. I know the vehicle very well. I know the people who designed it. I had great trust in them and in the engineering that we did.
Starting point is 01:04:05 And I thought to myself, look, if I am not ready to go, then I wouldn't want anyone to go. A tourism vehicle has to be designed, in my view, to be as safe as one can make it. You can't make it perfectly safe. It's impossible. But you know, people take risk. You know, they climb mountains. They, you know, they skydive. They, you know, do deep underwater scuba diving and so on. People are okay taking risk. You can't eliminate the risk, but it is something,
Starting point is 01:04:40 because it's a tourism vehicle, you have to do your utmost to eliminate those risks. And I felt very good about the system. I think it's one of the reasons I was so calm inside and if the other's word just calm, they didn't know as much about it as I did. What was in charge of engaging the escape systems? It's automated. Okay.
Starting point is 01:04:59 The escape system is like, it's completely automated. Automated is better because it can react so much faster. So yeah, for tourism rockets, safeties are huge, huge, huge priority for space exploration also, but a little bit tight, you know, a delto less. Yes, I mean, I think for, you know, if you're doing, you know, there are human activities where we tolerate more risk if you're saving somebody's life. You know, if you are, you know, engaging in real exploration, these are things where, you know, I personally think you, we would accept more risk, in part because you have to. Is there a part of you that's frustrated by the rate of progress
Starting point is 01:05:43 in Blue Origin? Blue Origin needs to be much faster, and it's one by the rate of progress in Blue Origin. Blue Origin needs to be much faster. And it's one of the reasons that I left my role as the CEO of Amazon a couple of years ago. I needed, I wanted to come in and Blue Origin needs me right now. And so I had always, when I was the CEO of Amazon,
Starting point is 01:06:02 my point of view on this is, if I'm the CEO of a publicly traded point of view on this is if I'm the CEO of a publicly traded company, it's going to get my full attention. And I really, just how I think about things, it was very important to me. I felt I had an obligation to all the stakeholders today, Amazon, to do that. And so having, you know, turned the CEO, I'm still the executive chair there, but I've turned the CEO role over. And the primary reason I did that is that I could spend time of Lord's and adding some energy, some sense of urgency. We need to move much faster. And we're
Starting point is 01:06:40 going to. What are the ways to speed it up? So, I mean, there's, you've talked a lot of different ways to sort of, and Amazon, you know, removing barriers for progress, sort of distributing, making everybody autonomous and stuff reliant in terms, all those kinds of things. Is that apply at Blue Origin or is this? It does apply. I know I'm leading this directly. We are going to become the world's most decisive company
Starting point is 01:07:14 across any industry. And so, you know, at Amazon, for ever since the beginning, it's that we're going to come the world's most customer obsessed company. And no matter the industry, like people one day people are going to come to Amazon from the healthcare industry and want to know, how did you guys, how are you, how are you so customer obsessed? How do you actually not just pay lip service that but actually do that? And from, you know, all different industries should come on a study us to see how we accomplish that. And the analogous thing of Blue Origin and it will help us move faster is we're going to become the world's most decisive company. We're going to get really good at
Starting point is 01:07:59 taking appropriate technology risk and making those decisions quickly, you know, being bold on those things. That's what, and having the right culture that supports that, you need people to be ambitious, technically ambitious. You know, if there are five ways to do something, we'll study them, but let's study them very quickly and make a decision. We can always change our mind. It doesn't, you know, changing your mind, I took about one way doors and two way doors. Most decisions are two way doors. Can you explain that because I love that metaphor?
Starting point is 01:08:36 If you make the wrong decision, if it's a two way door decision, you walk out the door, you pick a door, you walk out, and you spend a little time there, it turns out to be the wrong decision, you can come back door, you pick a door, you walk out, and you spend a little time there, it turns out to be the wrong decision, you can come back in and pick another door. Some decisions are so consequential and so important and so hard to reverse that they really are one way door decisions. You go in that door, you're not coming back. And those decisions have to be made very deliberately, very carefully. If you can think of yet another way to analyze the decision, you should slow down and do
Starting point is 01:09:11 that. So, you know, when I see you on Amazon, I often found myself in the position of being the chief slow down officer because somebody would be bringing me a one-way door decision. I know it's okay. I can think of three more ways to analyze that. So let's go do that. Because we are not going to be able to reverse this one easily. Maybe you can reverse if it's going to be very costly and very time consuming. We really have to get this one right from the beginning. And what happens, unfortunately, in companies, what can happen is that you have a one size that fits all decision making process,
Starting point is 01:09:53 where you end up using the heavyweight process on all decisions, including the lightweight ones, the two-way door decisions. Two-way door decisions should mostly be made by single individuals or by very small teams deep in the organization. And one-way door decisions are the ones that are the year of first one. Those are the ones that should be elevated up to, you know, the senior most executives who should slow them down and make sure that the right thing is being done.
Starting point is 01:10:24 Yeah, I mean, part of the skill here is to know the difference in one way and two way. I think you're much. Yes. Yeah. I mean, I think you mentioned Amazon Prime, the decision to sort of create Amazon Prime as a one way door. I mean, it's not, it's unclear if it is or not, but it probably is, and it's a really big risk to go there. There are a bunch of decisions like that that are changing the decision is going to be very, very complicated. Some of them are technical decisions too because some technical decisions are like quick drying cement.
Starting point is 01:10:57 If you're going to, once you make them, it gets really hard, choosing which propellants to use in a vehicle, selecting LNG for the booster stage and selecting hydrogen for the upper stage, that has turned out to be a very good decision. But if you changed your mind, that would be a very big setback. Do you see what I was saying? So that's the kind of decision you scrutinize very, very carefully. Other things just aren't like that. Most decisions are not that way. Most decisions should be made by single individuals, but they need and done quickly in the full understanding
Starting point is 01:11:37 that you can always change your mind. Yeah, one of the things I really liked, perhaps it's not too way door decisions is I disagree and commit phrase. So, so somebody brings up an idea to you, if the two way door, you state that you don't understand enough to agree, but you still back them. I'd love for you to explain. I'm just like, yeah, disagreeing commit is a really important principle that saves a great explainer. Yeah, disagreeing commit is a really important principle
Starting point is 01:12:06 that saves a lot of arguing. Yeah. So, you know, I'm gonna use that in my personal life. I disagree. But commit. It's very common in any endeavor in life, in business, and anybody where you have teammates, you have a teammate, and the two of you disagree.
Starting point is 01:12:23 Yeah. At some point you have to make a decision. And in companies, we tend to organize hierarchically. So whoever is the more senior person ultimately gets to make the decision. So ultimately, the CEO gets to make that decision. And the CEO may not always make the decision that they agree with. So I would often, I would be the
Starting point is 01:12:45 one who would disagree and commit. Some one of my drag reports would very much want to do it, do something in a particular way. I would think it was a bad idea. I would explain my point of view. They would say, Jeff, I think you're wrong and here's why. And we would go back and forth. I think you're wrong and here's why. And we would go back and forth. And I would often see, you know what? I don't think you're right, but I'm gonna gamble with you. And you're closer to the ground truth than I am. I had known you for 20 years.
Starting point is 01:13:19 You have great judgment. I don't know that I'm right either, not really, not for sure. All these decisions are complicated. Let's do it your way. But at least then you've made a decision. And I'm agreeing to commit to that decision. So I'm not going to be second-guessing it.
Starting point is 01:13:36 I'm not going to be sniping at it. I'm not going to be saying, I told you so. I'm going to try actively to help make sure it works. That's a really important teammate behavior. There's so many ways that dispute resolution is a really interesting thing on teams. And there are so many ways with two people disagree about something. Even I'm assuming what the case where everybody is well-intentioned. They just have a very different opinion about what the right decision is. is well-intentioned. They just have a very different opinion about what the right decision is. And we have in our society and inside companies, we have a bunch of mechanisms that we use
Starting point is 01:14:12 to resolve these kinds of disputes. A lot of them are, I think, really bad. So, an example of a really bad way of coming to agreement is compromise. So compromise, you know, look, here's, we're in a room here and I could say, Lex, how tall do you think this ceiling is? And you'd be like, I don't know, Jeff, maybe 12 feet tall. And I would say, I think it's 11 feet tall. And then we'd say, you know what, Let's just call it 11 and a half feet. That's compromised.
Starting point is 01:14:47 Instead of the right thing to do is, you know, to get a tape measure or figure out some way of actually measuring, but think, getting that tape measure and figure out how to get it to the top of the ceiling and all these things, that requires energy. Compromise, the advantage of compromise as a resolution mechanism is that it's low energy.
Starting point is 01:15:08 But it doesn't lead to truth. And so in things like the height of the ceiling where truth is a noble thing, you shouldn't allow compromise to be used when you can know the truth. Another really bad resolution mechanism that happens all the time is just who's more stubborn. This is also, let's say two executives who disagree and they just have a war of attrition. And whichever one gets exhausted first, capitulates to the other one. Again, you haven't arrived at truth and this is very demoralizing. So this is where escalation, I try to ask people who on my team, it's a never-get-to-point
Starting point is 01:15:54 where you are resolving something by who gets exhausted first. Escalate that. I'll help you make the decision. Let's because that's so de-energizing and such a terrible, lousy way to make a decision. Do you want to get to the resolution as quickly as possible because that ultimately leads to high velocity of this? Yes, and you want to try to get as close to truth as possible. So you want like, you know, exhausting the other person
Starting point is 01:16:21 is not truth-seeking. Yes. And compromise is not truth seeking. Yes. And compromise is not truth seeking So you know, it doesn't mean now and there are a lot of cases where no one knows the real truth and that's where disagreeing commit can come in um But it's it's um escalation is better than more of attrition Escalate just you know to your boss and say hey, we can't agree on this. We like each other, we're respectful of each other, but we strongly disagree with each other.
Starting point is 01:16:48 We need you to make a decision here so we can move forward. But decisiveness, moving forward quickly on decisions, as quickly as you responsibly can, is how you increase velocity. Most of what slows things down is taking too long to make decisions at all scale levels. So it has to be part of the culture to get high velocity.
Starting point is 01:17:12 Amazon has a million and a half people and the company is still fast, we're still decisive, we're still quick. And that's because the culture supports that. At every scale in a distributed way, it tries to maximize the velocity of that. At every scale in a distributed way, it tries to maximize the velocity of decisions. Exactly.
Starting point is 01:17:28 You've mentioned the lunar program. Let me ask you about that. Yeah. There's a lot going on there, and you haven't really talked about it much. So in addition to the Artemis program with NASA, Blue is doing its own lander program. Can you describe it?
Starting point is 01:17:44 There's a sexy picture on Instagram with With one of them. Is it them K1? I guess yeah the mark one the picture is it me with Bill Nelson the NASA Administrator just to clarify the lander is the sexy thing about the I know it's not me. I know it was either you the lander or bill I know it's not me. I know it was either you the lander or bill. Okay. Um, I like bill, but they're fine. Okay. Um, the, uh, yes, the Mark one lander, um, is a design to take 3000 kilograms to the surface of the moon and a cargo expendable cargo. It's an expendable lander lands on the moon stays there, take 3000,000 kilograms of the surface. It can be lost on a single, new-glin flight, which is very important.
Starting point is 01:18:30 So it's a relatively simple architecture, just like the human landing system lander, but that's called the Mark II. Mark I is also fueled with liquid hydrogen, which is for high energy missions like landing on the source of the moon, the high-specific impulse of hydrogen is a very big advantage. The disadvantage of hydrogen has always been that it's such a deep cryogen. It's not storeable, so it's constantly boiling off and you're losing propellant because it's boiling off. And so what we're doing is part of our lunar program is developing solar-powered cryocoolers that can actually make hydrogen a
Starting point is 01:19:18 storeable propellant for deep space. And that's a real game changer. It's a game changer for any high energy mission. So to the moon, but to the outer planets, to Mars everywhere. So the idea with Mark one, both Mark one and Mark two is the new glenkin carry it from the surface of Earth to the surface of the moon. Exactly. So the Mark 1 is expendable. The lunar lander we're developing for NASA, the Mark 2 lander, that's part of the Artisperer they call it the sustaining lander program. So that lander is designed to be reusable. It can land on the surface moon in a single stage configuration and then take off. So the whole, you know, if you look at the Apollo program, the lunar lander in Apollo was really two stages. It would land on the surface and then it would leave the descent
Starting point is 01:20:17 stage on the surface of the moon and only the ascent stage would go back up into lunar orbit where it would rendezvous with the command module. Here what we're doing is we have a single stage lunar lander that carries down enough propellants so that it can bring the whole thing back up so that it can be reused over and over. And the point of doing that, of course, is to reduce cost so that you can make lunar missions more affordable over time, which is that's one of NASA's big objectives because this time the whole point of Artemis is go back to the moon but this time to stay. So you know back in the Apollo program we went to the moon six times and then ended the program and it really was too expensive to continue.
Starting point is 01:21:05 And so there's a few questions there, but one is how do you stay on the moon? What ideas do you have about, yeah, like a sustaining life where a few folks can stay there for prolonged periods of time? Well, one of the things we're working on is using lunar resources like lunar regolith to manufacture commodities and even solar cells on the surface of the
Starting point is 01:21:35 moon. We've already built a solar cell that is completely made from lunar regolith stimulant and this solar cell is only about 7% power efficient, so it's very inefficient compared to the more advanced solar cells that we make here on Earth. But if you can figure out how to make a practical solar cell factory that you can land on the surface of the moon, and then the raw material for those solar cells is simply lunar regolith. Then you can just continue to churn out solar cells on the surface of the moon,
Starting point is 01:22:14 have lots of power on the surface of the moon. That will make it easier for people to live on the moon. Similarly, we're working on extracting oxygen from lunar regolith. So, lunar regolith, by weight, has a lot of oxygen in it. It's bound very tightly, you know, as oxides with other elements. And so, you have to separate the oxygen, which is very energy intensive. So, that also could work together with the solar cells. But if you can, and then ultimately, we may be able to find practical quantities of ice in the permanently
Starting point is 01:22:56 shadowed craters on the poles of the moon. And we know there is ice water in those, or water ice in those craters. And we know that we can break that down with electrolysis into hydrogen and oxygen. And then you'd not only have oxygen, but you'd also have a very good high efficiency propellant fuel in hydrogen. So there's a lot we can do to make the moon more sustainable over time, but the very first step, the thing, the kind of gate that all of that has to go through is we need to be able to land cargo and humans on the surface of the moon at an acceptable cost. To fast forward a little bit, is there any chance Jeff Bezos steps foot on the moon and on Mars?
Starting point is 01:24:01 One or the other or both? It's very unlikely. I think it's probably something that gets done by future generations by the time it gets to me. I think in my lifetime, that's probably going to be done by professional astronauts. Sadly, I would love to sign up for that mission. So don't count me out yet, Lex. Give me a funding shot here, maybe. But I think if we are placing reasonable bets on such a thing in my lifetime, that will continue to be done by professional astronauts. Yes, so these are risky, difficult missions. And probably missions that require a lot of training.
Starting point is 01:24:34 You are going there for a very specific purpose to do something. We're going to be able to do a lot on the moon too with automation. So in terms of setting up these factories into all that, we're sophisticated enough now with automation that we probably don't need humans to tend those factories and machines. So, there's a lot that's going to be done in both modes. So I have to ask the bigger picture question about the two companies pushing humanity forward out towards the stars, blue origin and SpaceX. Are you competitors, collaborators, which in what degree?
Starting point is 01:25:12 Well, I would say, you know, just like the internet is big and there are lots of winners at all scale levels. I mean, there are half a dozen giant companies. The internet has made, but there are a bunch of medium sized companies and a bunch of small companies all successful, all with profit streams, all driving great customer experiences. That's what we want to see in space. That kind of dynamism. In space is big. There's room for a bunch of winners and it's going to happen at all scale levels. So, SpaceX is going to be successful for sure.
Starting point is 01:25:46 I want Blue Origin to be successful. And I hope there are another, you know, five companies right behind us. But, you know, I spoke to Elon a few times recently about you, about Blue Origin. And he was very positive about you as a person and very supportive of all the efforts you've been leading a blue.
Starting point is 01:26:06 What's your thoughts? You worked with a lot of leaders at Amazon, at blue. What's your thoughts about Elon as a human being and a leader? Well, I don't really know Elon very well. I know his public persona, but I also know you can't know anyone by their public persona. It's impossible. I mean, you may think you do, but I guarantee you don't. So I don't really know. You know, Elon, way better than I do, Lex. But in terms of his judging by the results, he must be a very capable leader. There's no way you could have, you know, Tesla and SpaceX without being very capable leader. There's no way you could have Tesla and SpaceX without
Starting point is 01:26:47 being a capable leader. It's impossible. Yeah, I just hope you guys hang out sometimes, shake hands and sort of have a kind of friendship that would inspire just the entirety of humanity because what you're doing is like one of the big, grand challenges ahead for humanity. Well, I agree with you. And I think in a lot of these endeavors were very like-minded. Yeah. So I think, I think, I'm not saying we're identical, but I think we're very like-minded. And so, I, you know, I love that idea.
Starting point is 01:27:24 I go back to sexy I love that idea. I go back to sexy pictures on your Instagram. There's a video of you from the early days of Amazon, giving a tour of your quote, sort of offices. I think your dad is holding the camera. He is, yeah, I know, right, yes. This is what the giant orange extension cord, yeah. And you're like explaining the genius
Starting point is 01:27:44 of the extension cord. And how this you're like explaining the genius of the extension cord. And how this is a desk and the CRT monitor. And so that's where all the magic happened. I forget what you're dead side. But this is like the center of it all. So what was it like? What was going to your mind at that time? You left a good job in New York and took this leap.
Starting point is 01:28:05 Were you excited? Were you scared? So excited and scared. Anxious thought the odds of success were low, told all of our early investors that I thought there was a 30% chance of success. I mean, by which I just been getting your money back, not like turning it on what actually happened because that's the truth.
Starting point is 01:28:24 Every startup company is unlikely to work. It's helpful to be in reality about that, but that doesn't mean you can't be optimistic. So you kind of have to have this duality in your head. Like on the one hand, you're, you know what the baseline statistics say about startup companies. And the other hand, you have to ignore all of that and just be a hundred percent sure it's going to work. And you're doing both things at the same time. You're holding that contradiction in your head. But it was so, so exciting. I love, you know, every from 1994 when the company was founded to 1995 when we opened our doors all the way until today. I find Amazon so exciting.
Starting point is 01:29:09 And that doesn't mean it's like full of pain, full of problems. It's like there's so many things that need to be resolved and worked and made better and and et cetera. But but on balance, it's so fun. It's such a privilege. It's been such a joy. I feel so grateful that I've been part of that journey. It's just been incredible. So in some sense, you don't want a single day of comfort. You've written about this many times. We'll talk about your writing, which I would highly recommend people read in just the letters to share holders.
Starting point is 01:29:45 So, you wrote explaining the idea of day one thinking, I think you first wrote about in 97 letters to share holders, then you also, in a way, wrote about, sad to say, is your last letter to share holders in CO. And've said that day two is stasis, followed by relevance, followed by excruciating painful decline, followed by death. And that is why it's always day one. Can you explain this day one thing? This is a really powerful way to describe the beginning and the journey of Amazon. It's really a very simple and I think age-old idea about renewal and rebirth and like every day is day one. Every day you're deciding what you're going to do and you are not trapped by what you're going to do. And you are not trapped by what you were or who you were or you need self-consistency. Self-consistency even can be a trap.
Starting point is 01:30:53 And so day one thinking is kind of, we start fresh every day. And we get to make new decisions every day about invention, about customers, about how we're going to operate, what are even, even as deeply as what our principles are, we can go back to that, it turns out we don't change those very often, but we change them occasionally. And when we work on programs that Amazon,
Starting point is 01:31:29 we often make a list of tenants. The tenants are kind of, they're not principles, they're a little more tactical than principles, but it's kind of the main ideas that we want this program to embody, whatever those are. And one of the things that we do is we put, these are the tenants for this program and then when parentheses, we always put, unless you know a better way. And that idea, unless you know a better way, is so important because you never want to get trapped by dogma, you never want to get trapped by history.
Starting point is 01:32:04 Doesn't mean you discard history or ignore it. There's so much value in what has worked in the past, and but you can't be blindly following what you've done. And that's the heart of day one. You're always starting fresh. And to the question of how to fend off day two, you said such a question can't have a simple answer. As you're saying, there will be many elements, multiple paths and many traps.
Starting point is 01:32:30 I don't know the whole answer, but I may know bits of it. Here's a starter pack of essentials. Maybe others come to mind. For day one, defense, customer obsession, a skeptical view of proxies, the eager adoption of external trends and high velocity decision making. So we talked about high velocity decision making. That's more difficult than it sounds. So maybe you can pick one that stands out to you as you can comment on. Eager adoption of external trends, high velocity decision making, skeptical view of proxies.
Starting point is 01:33:03 How do you fight off day two? Well, you know, I'll talk about because I think it's the one that is maybe in some ways the hardest to understand is the skeptical view of proxies. One of the things that happens in business, probably anything that you're, where you're, you know, you have an ongoing program and something is underway for a number of years, is you develop certain things that you're managing to. Like, let's say, the typical case would be a metric. And that metric isn't the real underlying thing. And so, you know, maybe the metric is efficiency metric around customer contacts per unit sold or something like if you sell a million units, how many customer contacts do you get or how many returns do you get and so on and so on. And so what happens
Starting point is 01:34:00 is a little bit of a kind of inertia sets in where somebody a long time ago invented that metric and they invented that metric. They decided we need to watch for customer returns per unit sold as an important metric, but they had a reason why they chose that metric, the person who invented that metric and decided it was worth watching. And then fast forward five years, that metric is the proxy. The proxy for truth. The proxy for truth, the proxy for,
Starting point is 01:34:34 the customer say in this case, it's a proxy for customer happiness. Yeah. And, but that metric is not actually customer happiness. It's a proxy for customer happiness. The person who invented the metric understood that connection. Five years later, a kind of inertia can set in and you forget the truth behind why you were watching that metric in the first place and the world shifts a little. And now that proxy isn't as valuable as it used
Starting point is 01:35:07 to be or it's missing something. And you have to be on alert for that. You have to know, okay, this is, I don't really care about this metric. I care about customer happiness. And this metric is worth putting energy into and following and improving and scrutinizing only in so much as it actually affects customer happiness. And so you've got a constant beyond guard and it's very, very common. This is a nuanced problem. It's very common, especially in large companies, that they are managing to metrics that they don't really understand. They
Starting point is 01:35:46 don't really know why they exist. And the world may have shifted off from under them a little. And the metrics are no longer as relevant as they were when somebody 10 years earlier invented the metric. That is a nuance, but that's a big problem, right? So something so compelling to have a nice metric to try to optimize. Yes, and by the way, you do need metrics. You do. You can't ignore them.
Starting point is 01:36:12 You want them, but you just have to be constantly on guard. This is a way to slip into day two thinking would be to manage your business to metrics that you don't really understand. And you're not really sure why they were invented in the first place. And you're not sure they're still as relevant as they used to be. What does it take to be the guy or gal who who brings up the point that this proxy might be outdated?
Starting point is 01:36:38 I guess what does it take to have a culture that enables that in the meeting? Because that's a very uncomfortable thing to bring up in a meeting. We all show up here as a Friday. This is such, you have just asked a million dollar question. So, this is, this is what, if I generalize what you're asking, you were talking in general about truth telling. Yeah. And we humans are not really truth-seeking animals. We are social animals. Yeah, we are.
Starting point is 01:37:13 And, you know, take you back in time 10,000 years, and you're in a small village. If you go along to get along, you can survive. You can procreate. If you're the village truth teller, you might get clubbed to death in the middle of the night. Truths are often, they don't want to be heard, because important truths can be uncomfortable, they can be awkward, they can be exhausting. Impolite. Yes. Challenging. They can make people defensive, even if that's not the intent.
Starting point is 01:37:48 But any high performing organization, whether it's a sports team, a business, you know, a political organization, an activist group, I don't care what it is. Any high performing organization has to have mechanisms and a culture that supports truth-telling. One of the things you have to do is you have to talk about that, and you have to talk about the fact that it takes energy to do that. You have to talk to people, you have to remind people it's okay that it's uncomfortable. You literally tell people it's not what we're designed to do as humans. It's not really, it's kind of a side effect.
Starting point is 01:38:28 You know, we can do that. But it's not how we survive. We mostly survive by being social animals and being cordial and cooperative. And that's really important. And so there's a, you know, science is all about truth-telling. It's actually a very formal mechanism for trying to tell the truth. And even in science, you find that it's hard to tell the truth, right? And even, you know, you're supposed to have hypothesis and test it and find data and reject the hypothesis and so on.
Starting point is 01:39:04 It's not easy. But even in science, there's like the senior scientists and the junior scientists. Correct. And then there's a hierarchy of humans where the... It's still a lot of seniority. The some-hustiniyority matters in the scientific process, which is... And that's true inside companies too. And so you want to set up your culture so that the most junior person can
Starting point is 01:39:29 overruled the most senior person if they have data. And that really is about trying to, you know, there are little things you can do. So for example, in every meeting that I attend, I always speak last. And I know from experience that, you know, if I speak first, even very strong, wild, highly intelligent, high judgment participants in that meeting will wonder, well, if Jeff thinks that I came in this meeting thinking one thing, but maybe I'm not right. And so you can do little things like if you're the most senior person in the room, go last. But everybody else go first. In fact, ideally, let's try to have the most
Starting point is 01:40:25 in your person go first and the second, then try to go in order of seniority so that you can hear everyone's opinion in a kind of unfiltered way. Because we really do, we actually literally change our opinions. If somebody who you really respect says something makes you change your mind a little. So you're saying implicitly or explicitly give permission
Starting point is 01:40:51 for people to have a strong opinion that as long as it's backed by data. Yes, and sometimes it can even, by the way, a lot of our most powerful truths turn out to be hunches. They turn out to be based on anecdotes, they're intuition based, and sometimes you don't even have strong data. But you may know the person well enough to trust their judgment, you may feel yourself leaning in, it may resonate with a set of anecdotes you have, and then you may be able to say, you know, something about that feels right.
Starting point is 01:41:31 Let's go collect some data on that. Let's try to see if we can actually know whether it's right. But for now, let's not disregard it because it feels right. You can also fight inherent bias. There's an optimism bias. Like if there are two interpretations of a new set of data, and one of them is happy, and one of them is unhappy, it's a little dangerous to jump to the conclusion that the happy interpretation is right. You may want to compensate for that human bias of looking for trying to find the silver lighting. It's like, that might be good, but I'm going to go with it's bad for now until we're
Starting point is 01:42:04 sure. So speaking of happiness bias, data collection and anecdotes, you have to, how's that for transition? You have to tell me the story of the call you made, the customer service call you made to demonstrate a point about wait times. Yeah, this is very early in the history of Amazon and we were going over a weekly business review and a set of documents and I have a saying which is when the data and the anecdotes disagree, the anecdotes are usually right and and it doesn't mean you just slavishly go fall, the anecdotes then, it means you go examine
Starting point is 01:42:49 the data. Because the data, and it's usually not that the data is being miscollected, it's usually that you're not measuring the right thing. And so, you know, if you have a bunch of customers complaining about something, and at the same time, your metrics look like, why they shouldn't be complaining, you should doubt the metrics. And an early example of this was we had metrics that showed that our customers were waiting,
Starting point is 01:43:20 I think less than, I don't know, 60 seconds, when they called it 1-800-number to get phone customer service. The wait time was supposed to be less than 60 seconds. But we had a lot of complaints that it was longer than that. And anecdotally, it seems longer than that. I would call customer service myself. And so one day, we're in a meeting, we or going to the WBR and the weekly business review. We get to this metric in the deck and the guy who leads customer service is fitting the metric and
Starting point is 01:43:53 I said, okay, let's call. I picked him up the phone and I dialed the 1-800 number and called customer service. And we just waited in silence. For the first time. What did it turn out to be like? Oh, it was really long. More than 10 minutes, I think. Oh, wow. I mean, it was many minutes. And so, you know, it dramatically made the point
Starting point is 01:44:16 that something was wrong with the data collection. We weren't measuring the right thing. And that, you know, set off a whole chain of events where we started measuring it right. And that's an example, by the way, of truth telling is like, that's an uncomfortable thing to do. But you have to seek truth, even when it's uncomfortable, and you have to get people's attention, and they have to buy into it, and they have to get energized around really fixing things. So that speaks to the obsession with the customer experience. So one of the defining aspects of your approach to Amazon is just being obsessed with making
Starting point is 01:44:54 customers happy. I think companies sometimes say that, but Amazon is really obsessed with that. I think there is something really profound to that, which is seeing the world to the eyes of the customer, like the customer experience, the people being that's using the product, that's enjoying the product, they're like, what they're, like the subtle little things that make up their experience, like how do you optimize those? This is another really good and kind of deep question, because there are big things that are really important to manage, and then there are small things,
Starting point is 01:45:39 internally, and Amazon, we call them paper cuts. So we're always working on the big things. If you ask me, and most of the energy goes into the big things as it should. You can identify the big things, and I would encourage anybody listening to this as an entrepreneur, as a small business, whatever. Think about the things that are not going to change over 10 years. And those are probably the big things. So like, I know that in our retail business today, I was on 10 years from now, customers
Starting point is 01:46:13 are still going to want low prices. I know they're still going to want a fast delivery. And I just know they're still going to want big selection. So it's impossible to imagine a scenario where 10 years from now, I say, where customers just, I love Amazon. I just wish the prices were a little higher. Or I love Amazon. I just wish you delivered a little more slowly. So when you identify the big things, you can tell they're worth putting energy into because they're stable in time. Okay. But you're asking about something a little different, which is in every customer experience,
Starting point is 01:46:45 there are those big things and by the way, it's astonishingly hard to focus even on just the big things. So even though they're obvious, they're really hard to focus on. But in addition to that, there are all these little tiny customer experience deficiencies. And we call those paper cuts. And we make long lists of them. And then we have dedicated teams that go fix paper cuts. Because the teams working on the big issues never get to the paper cuts. They never work their way down the list to get to, they're working on big things as they should and as you want them to. And so you need special teams who are charged with fixing paper cuts.
Starting point is 01:47:34 Where would you put on the paper cuts spectrum, the by-nowledd one click button, which is I think pretty genius. So to me, like, okay, my interaction with things I love on the internet. There's things I do a lot. I may be representing regular human. I would love for those things to be frictionless. For example, booking airline tickets. Just saying. But, you know, it's buying a thing with one click, making that experience frictionless, intuitive, all that specific, like that.
Starting point is 01:48:10 That just fundamentally makes my life better. Not just in terms of efficiency, in terms of some kind of cognitive load. Yeah, cognitive load and peace, interpeace, and happiness. But first of all, buying stuff is an pleasant experience, having enough money to buy a thing, and then buying it is a pleasant experience.
Starting point is 01:48:32 And like having pain around that is somehow just your ruining a beautiful experience. And I guess all I'm saying as a person who loves good ideas, is that a paper cut, a solution to your paper cut? Yes. So that particular thing is probably a solution to a number of paper cuts. So if you go back and look at our order pipeline
Starting point is 01:48:54 and how people shopped on Amazon, before we invented one click shopping, there was more friction, there was a whole series of paper cuts and that invention eliminated a bunch of paper cuts. And I think you're absolutely right, by the way, that there, when you come up with something like one click shopping, again, this is like so ingrained in people now, I mean, prestigio you even notice it.
Starting point is 01:49:22 I mean, most people. Every time I click the button, I just never prestitu you even notice it. I mean, every time I click the button, I just never surge of happiness. This, there is in the perfect invention for the perfect moment in the perfect context, there is real beauty. It is actual beauty and it feels good. It's emotional. It's emotional for the inventor. It's emotional for the team that builds it. It's emotional for the customer. It's a big deal. And you can feel those things. But to keep coming up with that idea, with those kinds of ideas, I guess is the day
Starting point is 01:49:57 one thinking effort. Yeah, and you need a big group of people who feel that kind of satisfaction with creating that kind of beauty. There's a lot of books written about you. There's a book, Inventon Wander, where Walter Isaacson does an intro. It's mostly collected writings of yours. I've read that. I also recommend people check out the Founders podcast that covers you a lot and it does different analysis of different business advice you've given over the years. I bring all that up because I saw that there a mention that you said that books are an antidote for short attention spans. And I forget how it was phrased but that when you were thinking about the Kindle that
Starting point is 01:50:45 get how it was phrased, but that when you were thinking about the Kindle, that you're thinking about how technology changes us. We co-volve with our tools. So we invent new tools, and then our tools change us. Which is fascinating to think about. It goes in a circle. There's some aspect, even just inside business, where you don't just make the customer happy, but you also have to think about like,
Starting point is 01:51:10 where is this going to take humanity if you zoom out a bit? 100%. And, you know, you can feel your brain, brains are plastic, and you can feel your brain getting reprogrammed. I remember the first time this happened to me was when Tetris, when first came on the scene, I'm sure you've had anybody who's been a game player has this experience where you close your eyes to lay down to go to sleep and you see all the little blocks moving and you're kind of rotating them in your mind
Starting point is 01:51:47 and you can just tell as you walk around the world that you have rewired your brain to play Tetris. And but that happens with everything. And so, you know, one of the, I think, we still have yet to see the full repercussions of this, I fear. I think one of the things that we've done online, you know, and largely because of social media is we have trained our brains to be really good at processing super short forum content. And you know, your podcast flies in the face of this. You do these long format things. And reading books is a long format thing.
Starting point is 01:52:32 And we all do more of, if something is convenient, we do more of it. And so when you make tools, we carry around in our pocket a phone. And one of the things that phone does for the most part is it is an attention shortening device, because most of the things we do on our phone shorten our attention spans. And I'm not even going to say we know for sure that that's bad, but I do think it's happening. It's one of the ways we're co-evolving with that tool. But I think it's important to spend some of your time and some of your life doing long
Starting point is 01:53:09 attention span things. Yeah, I think you've spoken about the value in your own life of focus. I've singular focus on a thing for prolonged periods of time. That's certainly what books do. That's certainly what that piece of technology does. But I bring all that up to ask you about another piece of technology, AI, that has the potential to have various trajectories to have an impact on human civilization.
Starting point is 01:53:39 How do you think AI will change us? If you're talking about generative AI, large language models, things like chat GPT and it's soon successors. These are incredibly powerful technologies to believe otherwise is to bear your head in the sand soon to be even more powerful. It's interesting to me that large language models in their current form are not inventions, their discoveries. The telescope was an invention, but looking through it at Jupiter, knowing that
Starting point is 01:54:29 it had moons was a discovery. Like, my God, it has moons. And that's what Galileo did. And so this is closer on that spectrum of invention. You know, we know exactly what happens with a 787. It's an engineered object. We designed it, we know how it behaves. We don't want any surprises. Large language models are much more like discoveries. We're constantly getting surprised by their capabilities. They're not really engineered objects. Then you have this debate about whether they're going to be good for humanity or bad for humanity.
Starting point is 01:55:14 Even specialized AI can be very bad for humanity. I mean, just regular machine learning models that can make certain weapons of war that could be incredibly destructive, very powerful, and they're not generally eyes. They could just be very smart weapons. And so we have to think about all of those things. I'm very optimistic about this.
Starting point is 01:55:49 So even in the face of all this uncertainty, my own view is that these powerful tools are much more likely to help us and save us even than they are to, on balance, hurt us and destroy us. I think we humans have a lot of ways of, we can make ourselves go extinct. These things may help us not do that. So they may actually save us. So the people who are overly concerned, in my view, overly clear, it's a valid debate.
Starting point is 01:56:27 I think that they may be missing part of the equation, which is how helpful they could be in making sure we don't destroy ourselves. I don't know if you saw the movie Oppenheimer. But to me, first of all, I loved the movie and I thought the best part of the movie is this bureaucrat played by Robert Downey Jr., who, you know, some people have talked to you think that's the most boring part of the movie. I thought it was the most fascinating because what's going on here is you realize, we have invented these awesome destructive, powerful technologies called nuclear weapons. And they are managed. And, you know, we humans are, we're not really capable of wielding those weapons. We're, you know, and that's what he represented in that movie is, here's this guy who is, he wrongly
Starting point is 01:57:30 thinks he's like being so petty, he thinks that he said something, that Oppenheimer said something bad to Einstein about him. They didn't talk about him at all as you find out in the final scene of the movie. And yet he spent his career trying to be vengeful and petty. And that's the problem. We as a species are not really sophisticated enough and mature enough to handle these technologies. And so, and by the way, before you get to general AI and the possibility of AI having agency, and there's a lot of things that would have to happen, but there's so much benefit that's going to come from these technologies in the meantime, even before their, you know, general AI in terms of better medicines and better tools to develop more technologies and so on. So I think it's an incredible moment to be alive and to witness the transformations that
Starting point is 01:58:31 are going to happen. How quickly will happen? No one knows. But over the next 10 years and 20 years, I think we're going to see really remarkable advances and I personally am very excited about it. First of all, really interesting to say that it's discoveries that it's true that we don't know the limits of what's possible while with the current language models.
Starting point is 01:58:53 We don't. And like, it could be a few tricks and hacks here and there that open doors to hold entire new possibilities. We do know that humans are doing something different from these models. And part because we're so power efficient. The human brain does remarkable things and it does it on about 20 watts of power.
Starting point is 01:59:21 And the AI techniques we use today use many kilowatts of power to do equivalent tasks. So there's something interesting about the way the human brain does this. And also, we don't need as much data. So you know, like self-driving cars, or they have to drive billions and billions of miles to try and learn how to drive. And you know, your average 16 year old figures it out with many fewer miles.
Starting point is 01:59:48 So there are still some tricks. I think that we have yet to learn. I don't think we've learned the last trick. I don't think it's just a question of scaling things up. But what's interesting is that just scaling things up and I put just in quotes because it's actually hard to scale things up. But just scaling things up also appears to pay huge dividends. Yeah, and there's some more nuanced aspect about human beings that's interesting for
Starting point is 02:00:14 stable to accomplish like being truly original and novel to, you know, large language models being able to come up with some truly new ideas. That's one and the other one is truth. It seems that large language models are very good at sounding like they're saying a true thing, but they don't require or often have a grounding in sort of a mathematical truth. It can just basically is a very good bullshitter. So if there's not enough data, if there's not enough sort of data in the training data about a particular topic is just going to concoct accurate sounding narratives, which is a very fascinating problem to try to solve. How do you get language models to infer what is true and not
Starting point is 02:01:08 to sort of introspect? Yeah, they need to be taught to say, I don't know more often. And I know several humans who could be taught that as well. Sure. And then the other stuff, because you're still a bit involved in Amazon side with the AI things. The other open questions, what kind of products are created from this? Oh, so many. I mean, you know, just to, you know, we have Alexa and Echo and Alexa has,
Starting point is 02:01:39 you know, hundreds of millions of installed base, you So there's Alexa everywhere. And guess what? Alexa is about to get a lot smarter. And so that's really, from a product point of view, that's super exciting. There's so many opportunities there. So many opportunities. Shopping assistant. All that stuff is amazing. And AWS, you know, we're building Titan, which is our foundational model.
Starting point is 02:02:07 We're also building a bedrock, which are corporate clients at AWS, enterprise clients. They want to be able to use these powerful models with their own corporate data without accidentally contributing their corporate data to that model. Yes. And so those are the tools we're building for them with Bedrock. So there's tremendous opportunity here. Yeah, the security they probably see. All those things are fascinating of how to, because so much value can be gained by training on private data, but you want to keep the secure.
Starting point is 02:02:40 This is a fascinating technical problem. Yeah, this is a very challenging technical problem, and it's one that we're making progress on and dedicated to solving for our customers. Do you think there will be a day when humans and robots maybe Alexa have a romantic relationship? I think you'll look at the brainstorming products here. If you look at the spectrum of human variety and what people like, you know, sexual variety, you know, they're people who like everything. So the answer question has to be yes.
Starting point is 02:03:12 I don't know how. I guess I'm asking why widespread double-p. All right. But it will happen. I was just asking one for a friend, but it's all right. But I was just moving on. Next question. What's a perfectly productive day in the life of Jeff Bezos?
Starting point is 02:03:30 You're one of the most productive humans in the world. Well, first of all, I get up in the morning and I putter. I like have a coffee. Can you define putter? Just like I slowly move around. I'm not as productive as you might think I am. I mean, I because I do believe in wandering and I sort of, you know, I read my phone for a while, I read newspapers for a while, I chat with Lauren, I drink my first coffee. So I kind of, I move pretty
Starting point is 02:04:01 slowly in the first cup of our again up early just naturally and And then you know, I exercise most days and most days it's not the heart for me So days it's really hard and I do it anyway. I don't want to you know, and it's painful And I'm like why am I here and I don't want to do it. Why am I here at the gym? Why am I here at the gym? Why don't I do something else? You know, it's not always easy. What's your source of motivation in those moments? I know that I'll feel better later if I do it. And so, like, the real source of motivation,
Starting point is 02:04:38 I can tell the days when I skip it, I'm not quite as alert. It'll feel as good. And then there's harder motivations. It's longer term. You want to be healthy as you age. You know, you want health span. You want ideally, you know, you want to be healthy and moving around when you're 80 years old. You know, and so there's a lot of, but that kind of motivation is so far in the future. It can be very hard to work in the second. So thinking about the fact, I'll be very hard to work in the second.
Starting point is 02:05:05 So thinking about the fact, I'll feel better in about four hours if I do it now. I have more energy for the rest of my day and so on and so on. What's your exercise routine, just the linger on that? How much you curl? I mean, what are we talking about here? That's all I do at the gym side. My routine, you know, on a good day, I do about half an hour of cardio and I do about 45 minutes of weightlifting resistance training of some kind mostly weights I have a trainer who you know, I love who pushes me which is really helpful, you know, I'll be like he'll say
Starting point is 02:05:44 Jeff, do you think you could can we go up on that way a little bit and I'll think about it and I'll be like, he'll say, Jeff, do you see, can we go up on that way a little bit and I'll think about it and I'll be like, no, I don't think so. And he'll look at me and say, yeah, I think you can. And of course, he's right. And of course, it's always cool to have somebody push you a little bit.
Starting point is 02:06:04 But almost every day, you do that. I course. Of course. So it's always. Or to have somebody push you a little bit. But almost every day, you do that. I do almost every day. I do a little bit of cardio and a little bit of weight lifting. And I'd rotate. I do a pulling day and a pushing day and a leg day. It's all pretty standard stuff. So puttering coffee, gym.
Starting point is 02:06:19 Puttering coffee, gym, and then work. Work. So what's work look like? What are the productive hours look like for you? You know, so a couple of years ago, I left us the CEO of Amazon and I have never worked harder in my life. I am working so hard and I'm mostly enjoying it, but there are also some very painful days. Most of my time is spent on blurgeon, and I've been so deeply involved here now for the last couple of years. And in the big I love
Starting point is 02:06:53 it, and the small, there's all the frustrations that come along with everything. We're trying to get to rate manufacturing as we talked about. That's super important. We'll get there. We just hire a new CEO, a guy I've known for close to 15 years now. I got named Dave Limp, who I love. He's amazing. So we're super lucky to have Dave. And you know, we're going to, you're going to see us move faster there. But so my day of work, you know, reading documents, having meetings, sometimes in person, sometimes over Zoom, depends on where I am. It's all about the technology, it's about the organization, it's about, I have architecture and technology meetings
Starting point is 02:07:37 almost every day on various subsystems inside the vehicle, inside the engines. It's super fun for me. My favorite part of it is the technology. My least favorite part of it is building organizations and so on. That's important, but it's also my least favorite part. So, you know, that's how they call it work.
Starting point is 02:07:58 You don't always get to do what you want to do. How do you achieve time where you can focus and truly think through problems? I do little thinking retreats. So this is not the only, I can do that all day long. I'm very good at focusing. I'm very good at, you know, I don't keep to a strict schedule like my meetings often go longer than I plan for them to because I believe in wandering. My perfect meeting starts with a crisp document. So the document should be written with such clarity that it's like angels singing from
Starting point is 02:08:32 on high. I like a crisp document and a messy meeting. And so the meeting is about like asking questions that nobody knows the answer to and and and and trying to like wander your way to a solution. And because like, and that is, if when that happens just right, it makes all the other meetings worthwhile. It feels like it has a kind of beauty to it. It has an aesthetic beauty to it. and you get real breakthroughs and meetings like that. Can you actually describe the crisp document, like this is one of the legendary aspects of
Starting point is 02:09:10 Amazon of the way you approach meetings. It's the six-page memo. Maybe first describe the process of meeting with memos. Meetings at Amazon and Blurge are unusual when we get new people come in, like a new executive joints. They're a little taken aback sometimes, because the typical meeting will start with the six-page, narratively structured memo, and we do study hall. For 30 minutes, we sit there silently together in the meeting and read, take notes in the margins, and then we start there silently together in the meeting and read.
Starting point is 02:09:45 I love this. Take notes in the margins. And then we discuss. And the reason, by the way, we do stuff. You could say, I would like everybody to read these memos in advance. But the problem is people don't have time to do that. And they end up coming to the meeting, having only skimmed the memo, or maybe not read it at all, and they're trying to catch up. And they're also bluffing like they were in college having pretended to do the reading. It's better just to carve
Starting point is 02:10:14 out the time for people. So now we have all the same page. We've all read the memo. And now we can have a really elevated discussion. And this is so much better from having a slideshow presentation, you know, a PowerPoint presentation of some kind, where that has so many difficulties. But one of the problems is PowerPoint is really designed to persuade. It's kind of a sales tool. And internally, the last thing you want to do is sell.
Starting point is 02:10:40 You want to, again, you're truth seeking. You're trying to find truth. And the other problem with PowerPoint is it's easy for the author and hard for the audience. And a memo is the opposite. It's hard to write a six page. A good six page memo might take two weeks to write. You have to write it, you have to rewrite it, you have to edit it, you have to talk to people about it, they have to poke holes in it for you, you write it again, it may take two weeks.
Starting point is 02:11:06 So the author, it's really a very difficult job, but for the audience, it's much better. So you can read a half hour, and they're little problems with PowerPoint presentations too. Senior executives interrupt with questions, halfway through the presentation. That question's gonna be answered on the next slide, but you never got there. If you read the whole memo in advance, you know, I often write lots of questions that
Starting point is 02:11:31 I have in the margins of these memos. And then I go cross them all out because by the time I get to the end of the memo, they've been answered. That's why I save all that time. You also get, you know, the person is preparing the memo. We talked earlier about, um, you know, group think and, you know, the person who's preparing the memo, we talked earlier about, you know, groupthink and, you know, the fact that I go last in meetings and that you don't want, you know, to your ideas to kind of pollute the meeting prematurely. You know, the author of the
Starting point is 02:12:00 memo is, is kind of got to be very vulnerable. They got to put all their thoughts out there. And they've got to go first, but that's great because it makes them really good. And so, and you get to see their real ideas. And you're not trompling on them accidentally. You know, a big, you know, PowerPoint presentation. What's that feel like when you've authored a thing and then you're sitting there and everybody's reading your thing, you're like, I think it's mostly terrifying. Yeah. Like maybe in a good way.
Starting point is 02:12:31 I think it's terrifying in a productive way. Yeah. But I think it's mostly a very nerve-wracking experience. Is there art science to the writing of the six-page memo or just writing in general to you? I mean, it's really got to be a real memo. So it means, you know, paragraphs have topic sentences, it's verbs and nouns. That's the other problem with PowerPoint, is they're often just bullet points. And you can hide a lot of sloppy thinking behind bullet points. When you have to write in complete sentences with narrative
Starting point is 02:13:09 structure, it's really hard to hide sloppy thinking. So it forces the author to be at their best. And so you're getting somebody's, they're getting somebody's really their best thinking. And then you don't have to spend a lot of time trying to tease that thinking out of the person. You've got it from the very beginning. So it really saves you time the long run. So that part is crisp and then the rest is messy. Chris thought you had. Yeah, so you don't want to pretend
Starting point is 02:13:38 that the discussion should be crisp. There's, you know, most meetings you're trying to solve a really hard problem. There's a different kind of meeting which we call weekly business reviews or business reviews They may be weekly or monthly or daily whatever they are but these business review meetings That's usually for incremental improvement and you're looking at a series of metrics every time it's the same metrics Those we need to be very efficient. They can start on time and in done time So we're about to run out of time, which is a good time to ask about the 10,000 year clock. That's what I'm known for is the humor.
Starting point is 02:14:17 Okay. Can you explain what the 10,000 year clock is? Pintazier clock is a physical clock of monumental scale. It's about 500 feet tall. It's inside a mountain in West Texas. It's a chamber that's about 12 feet in diameter and 500 feet tall. Tintazier clock is an idea conceived by Br Brlinkyne of Danny Hillis. Way back in the 80s, the idea is to build a clock as a symbol for long-term thinking. And you can kind of just very conceptually think of the 10,000 year clock as it ticks once a year.
Starting point is 02:14:56 It chimes once every 100 years and the kuku comes out once every 1000 years. So it just sort of slows everything down. And it's a completely mechanical clock. It is designed to last 10,000 years with no human intervention. So the material choices and everything else. It's in a remote location both to protect it, but also so that visitors have to kind of make a pilgrimage. The idea is that over time, this will take hundreds of years, but over time, it will take on the patina of age, and then it will become a symbol for long-term thinking that we'll actually hopefully get humans to extend their thinking horizons. And my view, that's really important as we have become as a species, as a civilization more powerful.
Starting point is 02:15:55 You know, we're really affecting the planet now. We're really affecting each other. We have weapons of mass destruction. We have all kinds of things where we can really hurt ourselves, and the problems we create can be so large, you know, the unintended consequences of some of our actions. So the climate change, putting carbon in the atmosphere as a perfect example, that's an unintended consequence of the industrial revolution that will benefit from it, but we've
Starting point is 02:16:21 also got this side effect that is very detrimental. We need to be, we need to start training ourselves to think longer term. Long term thinking is a giant lever. You can literally solve problems if you think long term that are impossible to solve if you think short term. And we aren't really good at thinking long term. As you know, it's not really, we're kind of five years is a tough time frame for most institutions to think past. We probably need to stretch that to 10 years and 15 years and 20 years and 25 years. We do a better job for our children or our grandchildren if we could stretch those thinking horizons. The clock is in a way, it's an art project. It's a symbol. And if it ever has any power to influence people to think logger term,
Starting point is 02:17:15 that won't happen for hundreds of years. But we have to, you know, we're going to build it now and let it accrue the patina of age. Do you think humans will be here when the clock runs out of age. Do you think humans will be here when the clock runs out here on earth? I think so. But you know, the United States won't exist. Like whole civilizations rise and fell 10,000 years is so long. Like no nation's state has ever survived. For anywhere close to 10,000 years. And the increasing rate of progress makes that even possible. Even less likely. So do I think humans will be here? Yes. What, you know, how will we have changed ourselves and what will we be and so on and so on?
Starting point is 02:17:52 I don't know. But I think we'll be here. On that grand scale, a human life feels tiny. Do you ponder your own mortality? Are you afraid of death? No. I'm, you know, I used to be afraid of death. I did.
Starting point is 02:18:06 I like, my, like, I remember as a young person being kind of like very scared of mortality. Like, you didn't want to think about it and so on. And I always had a big, and as I've gotten older, I'm 59 now, as I've gotten older, somehow that fear has sort of gone away. I don't, you know, I would like to stay alive for as long as possible, but I'd like to be, it's, I'm really more focused on health span. I want to be healthy. I want that square wave. I want to, you know, this is, I want to be healthy, healthy, healthy, and then gone. I don't want the long decay. But and I'm curious, I want to see how
Starting point is 02:18:47 things turn out. You know, I'd like to be here. I love my family and my close friends and I want to I'm curious about them and I want to see. So I have a lot of reasons to stay around, but it's mortality doesn't doesn't have that effect on me that it did, you know, maybe when I was in my 20s. Well, Jeff, thank you for creating Amazon one of the most incredible companies in history. And thank you for trying your best to make humans a multi-planetary species, expanding out into our solar system, maybe beyond to meet the aliens out there. And thank you for talking today. to meet the aliens out there. And thank you for talking today.
Starting point is 02:19:24 Alex, thank you for doing your part to lengthen our attention space. Appreciate that. Very much. Thanks for listening to this conversation with Jeff Bezos. To support this podcast, please check out our sponsors in the description. And now, let me leave you with some words
Starting point is 02:19:41 from Jeff Bezos himself. Be stubborn on vision, but flexible on the details. Thank you for listening and hope to see you next time. you

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