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The Wisdom of Jeff Bezos, Part 1 - VentureBlog - http://www.ventureblog.com/2012...
January 18, 2012
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If everything you do needs to work on a three-year time horizon, then you are competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that.
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