Jeff Bezos - Regret Minimization Framework

[billimoriaf]

there aint no job out there that pays what you are worth. Jeff took the risk and thats why he has what he has!

[strategies69]

Jeff Besoz is a real jerk. He treats his employees like shit, low paid, hostile work environment.

He is a bully and an as*hole. He tries to be Steve Jobs; he’ll ever be Steve. Treat your employees with some respect; pay a fair wage, psycho I hope the kindle fire fails miserably. ( JEFF BESOZ)

[32000days]

5 people have regrets

[wetyewruyrtsutrdhjfg]

Hey, I walked away from my annual bonus too. It was either that or stay on with the lousiest, most incompetent boss that I ever knew.

Plus I wanted to go into drawing and cut off all possible sources of excuses.

So now I've been taking temp jobs and drawing mostly every single moment I've got...and hey, I'm still alive!!

Those naysayers who advised me not to quit? They can go suck it.

[trindaz]

I used 95 - I'll still feel young at 80!

Such a good video.

--Trindaz on Fedang #inspiration #startups

[motl3y]

i quit my IT job w/ the same mind set, i thought i'd regret it at some point for not having tried on launching my own biz.. it's been months of preparation, change of ideas, some set back along the way (personal and not), but i hope to launch a comp in 4 month :):)

[thepickupchick]

cool

[kevingil18]

I agree completely.  Taking risks is always positive. Even if you fail, you will have stretched yourself and become wiser and a more confident and capable adult.

Job security is the most overrated commodity out there, especially if you are under the age of 45.

[CrazyHorseInvincible]

The eyes never change, and the laughter just cuts off.

[justwatching1980]

I like the framework idea, but luck plays a large part in these success stories. It's a good thing he had a great support system and savings so that if he failed, he wouldn't have lost it all. Good thing he succeeded, because I love Amazon!

[gigo6000]

Very inspiring, I totally agree with that. I think you have to try at least once.

[ilemmym]

inspiring indeed

[FreakCitySF]

Also too I'm sure he had lots of funding to make it happen. Family owns a 25K acre ranch in Texas. Lots of science/engineers in family also worked in a big hedge firm in NY. Easy access to financial backing makes a big difference in starting a company.

[FreakCitySF]

Just a few seconds faster than the other retail bussinesses that would set shop online. To bad customer service is shitty these days.

[gregvandenberge]

Very Inspiring, I hope this video can inspire more people to reach for the stars.

[sherbear2345]

i am american. therefore, i do not apologize =D

[ipcrowley7]

Interesting

[BansheeMarine83]

good information. always happy to learn

[capnbizzaro]

Why stop at age 80? How about when you stand before the judgment seat at the end of days?

[burn4you]

It isn't about succeeding, it is about never having the courage to have tried and regretting it your whole life. Its only spelled out in this video, and should be apparent to anyone who gives it more than 10 seconds of thought.

[Billbauer222]

And if you give it 11 seconds of thought, you will realize that if you risk and fail (the most likely eventuality, as for every winner there are hundreds, if not thousands of losers - Olympics is a good example), your regret will be a lot more intense.

[burn4you]

Obviously for you, never risking anything is the best choice. "why bother, because more people fail at stuff than succeed." Great life-philosophy. Keep doing it. Nothing ventured, nothing gained. Some people can't handle failure, so they play everything safe. Of course not everyone succeeds, but again, the whole premise of his point was that he didn't want to look back on his life and have the huge regret of not even bothering to try. Life is in doing not just succeeding.

[sickandtwisted2]

I agree with what he said. I've lost big time in life and have failed at many things. I've been everything from a truck driver to a computer support tech. I've had more jobs than most people have ever thought it possible to have in a lifetime. I have no regrets at all. I also have no money and no savings but it's only money. I'm going to go out next and use what I have learned to start a non profit to help others. Don't count what you have lost, count the blessings you have. :)

[Lucem2]

One thing are words of encouragement and inspiration and another the crude reality of the marketplace.

Regret is a natural and healthy human feeling.

You must be out of your mind to not feel regret for bad decisions made.

I'm sure he'll regret the Kindle after the iPad takes it over.

BTW, I like the way he laugh.

[Billbauer222]

Total BS. Is he retarded, or does he think his audience is retarded? I also took a chance with Internet. I lost $50,000 trying to develop a site. I regret this A LOT.

[Frank50505]

I find this quite motivating. Thanks for sharing.

[Lucem2]

BS !

Is only natural to regret bad decisions.

I'm sure that if his would have failed he would have regreted it.

There are major forces outside of our control that nobody is immune to.

The established Retail Book Stores could have blewed Amazon chances had they implemented more aggressive online services at the time .

Most of these success stories are the product of incredible circumstances aligning in your favor.

Is still CRAZY to start-up a business if you want stability in your life.

[views202]

There are particular things you can do to increase your chances of success as well. It goes both ways.

[tylerhwillis]

This is really poignant. "I tried to find the right framework with which to make this big decision... what made this decision really easy was a regret minimization framework... I knew when I was 80, I wasn't going to regret trying this. If I failed, I wouldn't regret that. But I knew the one thing I might regret is not ever having tried."