Innovation, Frugality, Non-consensus View, Things Learned from Jeff Bezos

A Dozen Things I have Learned from Jeff Bezos | 25iq: "....“I believe you have to be willing to be misunderstood if you’re going to innovate.” You can’t outperform the market if you are the market.  Similarly, you must adopt a non-consensus view and be right about that view to beat competitors... “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” More money often equals more problems. Companies with too much money are often less rather than more innovative. A quote much used by venture capitalists and entrepreneurs comes to mind here: “We have no money, so we must think!”" (read more at link above)

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