If you have methods without principles, you're going to have trouble. But if you develop methods based on principles, then you can make progress.

What hermeneutics teaches is that progress comes from being exposed to different points of views because there's no point of view that is right for all situations and all times. And even if it's superior to the others, you can enrich it by drawing on others or thinking: "Why is that wrong and how do I improve my approach? How do I come up with a better approach?" So that's essential for innovation just like it is in technology.

If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.

In general, an asset should be sold when it has greater value to a buyer. This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth.

America was the first country in history to be founded on, people have rights. Not the divine right of kings, not the emperor's a god, or idolized, or we have to do what the dear leader says. And, expressly, that it's a system of equal rights, and then governments are instituted to secure those rights.

Scientific discoveries and innovation come from combining different existing technologies and different perspectives in a unique way.

We find that when we make an acquisition, or we have a hiring experience, that's one of the hardest things to change. If you've been working for a company where you didn't dare challenge your boss, or what's politically correct in the company, then it affects your career.