Bezos is describing exactly what I call the brutal math of the market.
In a power-law world, nine out of ten bets fail, but the tenth pays for everything. That’s not luck. That’s the structure of reality.
Most investors spend their lives watering weeds and trimming flowers, terrified of being wrong. The billionaire mindset flips that equation: concentrate, endure failure, and let the outlier run.
The math is asymmetric, but the psychology is brutal. You only win if you can stay in the game long enough for the 1-in-10 to compound.