Motivation Daily by Motiversity - Jeff Bezos Leaves the Audience SPEECHLESS | One of the Best Motivational Speeches Ever

Episode Date: February 8, 2023

Jeff Bezos's Life Changing Advice (Must Listen!!) The $150 billion dollar man share's his greatest advice with you.SpeakerJeff BezosMusicEpidemic SoundAudiojungle Hosted on Acast. See acast.com/privacy for more information.

Hello listeners, Motivirity is excited to share that we have launched a new podcast called Morning Motivation by Motivore. If you are looking to start your day with positivity and the most uplifting motivational audio, this is the show for you. For today's episode of Motivation Daily by Motivority Podcast, we are sharing a recent episode from the Morning Motivation Podcasts. If you like it, go follow the show. New episodes are being released every week. The link is in the description. There's certain people that you do not want to try and beat at their own game. And certainly Jeff Bezos would be number one.

I mean, that'd be like me playing chess with Bobby Fisher. 40 years ago to be all over on the first move. Jeff, you know, he's just showing amazing talent in figuring out how to please customers in a very short time. And what's interesting to some extent about him, the same thing's interesting about Fred Smith of Federal Express. It isn't that they've had some breakthrough and found some molecule this or that

or come up with some, you know, incredible invention. They've taken fairly ordinary things. I mean, starting buying books and, you know, but Fred Smith took the airplane and the delivery truck and the postal service, but then they just put it together. in a very imaginative way, you know, with the central hub and all that, and came up with a whole new industry out of components that were known to everybody. And in a sense, Bezos has done the same thing. Now he's building big distribution centers and employing the latest technology.

The Kindle came out of there, and there's some products. But overwhelmingly, he's taken things that you and I were buying before. And he's figured out a way to make us happier buying those products either by fast delivery or prices or whatever. whatever it may be, and that's remarkable when you think about it. Entrepreneur, media proprietor, investor, and commercial astronaut. Jeff Bezos has become a household name and one of the most influential figures in the business world. Under his leadership, Amazon has become one of the largest and most successful companies in the world with a presence in nearly every industry imaginable.

Coming from humble beginnings, Jeff began selling books on the internet from his garage to becoming one of the richest and most successful people on the planet, ingrating not only Amazon's name into everyday society, but his as well. Went to my boss and said to him, you know, I'm going to go do this crazy thing and I'm going to start this company selling books online. Then he said, let's go on a walk. We went on a two-hour walk in Central Park in New York City. And the conclusion of that was this, he said, you know, this actually sounds like a really good idea to me. But it sounds like it would be a better idea for somebody who didn't already have a good job.

And he convinced me to think about it for 48 hours before making a final decision. And so I went away and was trying to find the right framework in which to make that kind of big decision. And I already talked to my wife about this, and she was very supportive and said, look, you know, you can count me in 100%. So it really was the decision that I had to make for myself. And the framework I found, which made the decision incredibly easy, was, what I called, which only a nerd would call, a regret minimization framework. So I wanted to project myself forward to age 80 and say, okay, now I'm looking back on my life. I want to have minimized the number of regrets I have. And you know, I knew that when I was 80, I was not

going to regret having tried this. I was not going to regret having wanted, you know, trying to participate in this thing called the internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn't regret that. But I knew the one thing I might regret is not ever having tried. And I knew that that would haunt me every day. So when I thought about it that way, it was an incredibly easy decision. If you can project yourself out to age 80 and sort of think, what will I think at that time? It gets you away from some of the daily pieces of confusion. I left this Wall Street firm in the middle of the year. When you do that, you walk away from your annual bonus. That's the kind of thing, then the short term can confuse you. But if you think about

the long term, then you can really make good life decisions that you won't regret later. Jeff's keen eye an ability to look proactively toward the future while taking calculated risk has contributed to his success. His instincts told him the internet was going to bring massive opportunity for those willing to be creative. Despite doubt and criticism from those around him, he knew taking this leap of faith would be the best decision for not only himself, but for future generations as well. One of my jobs, as the leader of Amazon, is to encourage people to be bold. And people love to focus on things that aren't yet working. And that's good. It's human nature.

That kind of divine discontent can be very helpful. But it's incredibly hard to get people to take bold bets, and you need to encourage that. And if you're going to take bold bets, they're going to be experiments. and if they're experiments, you don't know ahead of time whether they're going to work. Experiments are, by their very nature, prone to failure. But big successes, a few big successes compensate for dozens and dozens of things that didn't work.

So, you know, bold bets, AWS, Kindle, Amazon Prime, our third-party seller business, all of those things are examples of bold bets that did work. And they pay for a lot of experiments. I've made billions of dollars of failures at Amazon.com. Literally billions of dollars of failures. But they also, they don't matter. What really matters is companies that don't continue to experiment,

companies that don't embrace failure, they eventually get in a desperate position where the only thing they can do is make a kind of Hail Mary bet at the very end of their corporate existence. Whereas companies that are making bets all along, even, you know, big bets, but not bet the company bets. I don't believe in bet the company bets. That's when you're desperate.

That's the last thing you can do. You know, you don't choose your passions, your passions choose you, how they are for them. You're never completely sure. But I do think you get imprinted somehow early on with certain things, you just get excited about them. And because you're excited, you pay more attention, and they grow.

Being an inventor requires, because the world is so complicated, you have to be a domain expert. I mean, in a way, even if you're not at the beginning, you have to learn, learn, learn, learn enough so to become a domain expert. But the danger is once you become a domain expert, you can be trapped by that knowledge. And so inventors have this paradoxical ability

to have that 10,000 hours of practice and be a real domain expert and have that beginner's mind. Have that look at it freshly, even though they know so much about the domain, And that's the key to inventing. You have to have both. And I think that is intentional.

I think all of us have that inside of us, and we can all do it, but you have to be intentional about it. You have to say, yeah, I am going to become an expert and I'm going to keep my beginner's mind. Well, long-term thinking is a lever. It lets you do things that you could not do or couldn't even conceive of doing if you were thinking short-term. You know, if I collaborated with somebody here in this audience

and I said, look, I want you to solve world hunger, and I want you to do it in five years. You would properly reject the opportunity. You would say, look, it's not possible. It's not practical. But if I said, look, I want you to solve world hunger in 100 years, that's a job you'd take, because it's a much more addressable problem.

You can first create the conditions. You have time to create the conditions where then you can solve the problem. problem. And so that's a very important way of thinking. And it works with everything. I mean, you have to back up and find the right time horizon for what you're trying to do. But, you know, at Amazon, we probably do most of our things we expect to get some results in sort of five, six, seven, eight years. But we find a lot of our other companies that compete against us in various ways. They're often trying to get things done in, you know, two or three years. And so we can do things

that if everything has to work in two to three years, then that limits what you can do. If you give yourself the breathing room to say, okay, I'm okay if it takes seven years, all of a sudden you have way more opportunities. Take bets. Be an expert with a beginner's mindset and planning your goals in a long-term format

are some of the secrets behind Bezos success. Being able to constantly adapt and learn the growing market is essential to make your company, your brand, and your name go to do. down in history. Jules Verne, Mark Twain, Galileo, Newton, all the curious from the ages would have wanted to be alive most of all right now. As a civilization, we will have so many gifts, just as you as individuals have so many individual gifts as you sit before me.

How will you use these gifts, and will you take pride in your gifts or pride in your choices? you can choose. We all get to choose our life stories and it's the choices that define us not our gifts. Everybody in this room has many gifts. I have many gifts. You can never be proud of your gifts because they're gifts. They were given to you. You might be, you know, tall or you might be really good at math or you might be extremely beautiful or handsome or, you know, there are many gifts. And you can only be proud really of your choices because those are the things that you, are, that you are acting on. And one of the most important choices that each of us has, and you know this just as well as I do,

is you can choose a life of ease and comfort, or you can choose a life of service and adventure. And when you're 80, which one of those things you think you're going to be more proud of? You're going to be more proud of having chosen a life of service, with an adventure. Choose a life of adventure, a life worth looking back at in 80 years with no regrets. Create a story to tell and let the world be inspired by it.