In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That's quite clear.

The pace of progress in biology creates a foundation that naturally gets picked up by the biotech and pharmaceutical industry to solve rich-world diseases. This is attractive science. It's science that people want to work on.

The future of advertising is the Internet.

Success is a lousy teacher. It seduces smart people into thinking they can't lose.

There is this broad, broad recognition of how technology is enabling new things. Companies that never paid attention to computers in any form now see digital technology as creating threats and opportunities for them.

Sometimes we do get taken by surprise. For example, when the Internet came along, we had it as a fifth or sixth priority.

We flew down weekly to meet with IBM, but they thought the way to measure software was the amount of code we wrote, when really the better the software, the fewer lines of code.