Back
Vishu Bheda
•
Medial • 2m
This is Jeff Bezos’s favorite book. He’s been rereading it for 25 years straight, and it inspired his most famous decision-making model. Here are the 7 lessons from "The Remains of the Day" that helped him build his Amazon empire: In 1987, Jeff Bezos read The Remains of the Day by Kazuo Ishiguro. The book tells the story of Stevens, a butler who spends his life focusing on "professional dignity," only to regret not living a more meaningful life. This message had a profound effect on Bezos. Years later, while earning $1M per year at D.E. Shaw, Bezos noticed that the internet was growing rapidly—by 2,300% each year. He faced a tough choice: stay in his secure job or take a risk and start something new. Remembering the butler's regret, Bezos created his “Regret Minimization Framework.” He imagined himself at 80 years old and asked, “Will I regret not taking this chance?” The answer was clear: playing it safe would be the biggest regret. This decision led to Amazon’s success and helped Bezos develop these seven important lessons: 1. Think long-term: Plan for decades, not just the next few years. 2. Don’t worry about your image: Don’t be afraid to take risks, even if others don’t understand. 3. Act fast: Time is precious—don’t waste it. 4. Follow your emotions: Passion and emotions can drive you to do great things. 5. Question everything: Growth happens when you step out of your comfort zone. 6. Reflect regularly: Take time to think about your decisions. 7. Learn from timeless wisdom: Always look for lessons that stand the test of time. Bezos rereads The Remains of the Day every year to remind himself to live boldly, plan for the future, and never fear regret. Follow me for more such amazing content!
Replies (6)
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.