BEZOS: I Have Spent Billions Of Dollars On Failed Bets -- But I'll Never Do This

Amazon CEO Jeff Bezos explains the importance of “bold bets” with Henry Blodget at Business Insider’s Ignition 2014. He says they have actually helped cover billions of dollars in failures.

Edited by Devan Joseph. Special thanks to Justin Gmoser and Sam Rega.

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Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

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