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Jeff Bezos announced last week that he is stepping down as Amazon's CEO. He built Amazon from scratch. He also built Blue Origin – a pathbreaking spacecraft company – on the side. In the process, Bezos became the richest person of all time. How did he do it? The key to Bezos’s success is an unyielding commitment to three principles. First among them: think long term. Bezos focuses on big, long-term goals and ignores the short-term trivialities that distract others. As Bezos put it in 1997: “We believe that a fundamental measure of our success will be the shareholder value we cr...

The math behind Bezos' eight hours of sleep Bezos is very calculative about why he believes eight hours of sleep is the key to boosting productivity and making high-quality decisions. He offered a very convincing example: "So let's go crazy and say I slept four hours a day. I'd get four so-called productive hours back. So before I had, say, 12 hours of productive time during any waking day, now all of a sudden I have 12 plus four — I have 16 productive hours." That's 33% more time to make decisions, he explained. In other words, if he was going to make, say, 100 decisions, he can more make ...