“Mediocre theoretical physicists make no progress. They spend all their...” — Jeff Bezos Quote

Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress.

On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.

Real estate is the key cost of physical retailers. That's why there's the old saw: location, location, location.

What's dangerous is not to evolve.

The killer app that got the world ready for appliances was the light bulb. So the light bulb is what wired the world. And they weren't thinking about appliances when they wired the world. They were really thinking about - they weren't putting electricity into the home. They were putting lighting into the home.

I was a pretty mediocre player.

I'm not here to be mediocre. I'm not in the UFC just to get a paycheck and make a living. That's really not what I'm here for. If I wanted to make money, I would have gotten out of the sport and done something else. I want to be a world champion.

Some days you really don't feel like racing and you have a great performance, some days you feel great and you have a mediocre performance.

First of all, I choose the great roles, and if none of these come, I choose the mediocre ones, and if they don't come, I choose the ones that pay the rent.

Everything I've ever done was out of fear of being mediocre.