If you had to buy a new plane every time you flew somewhere, it would be incredibly expensive.

The tough thing is figuring out what questions to ask, but […] once you do that, the rest is really easy.

You want to have a future where you’re expecting things to be better, not one where you’re expecting things to be worse.

When Henry Ford made cheap, reliable cars people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked.

There's nothing - I've bought everything I want. I don't like yachts or anything; you know, I'm not a yacht person, and I've got pretty much the nicest plane I'd want to have.

I think it's important to reason from first principles rather than by analogy. The normal way we conduct our lives is we reason by analogy. [With analogy] we are doing this because it's like something else that was done, or it is like what other people are doing. [With first principles] you boil things down to the most fundamental truths…and then reason up from there.

Automotive franchise laws were put in place decades ago to prevent a manufacturer from unfairly opening stores in direct competition with an existing franchise dealer that had already invested time, money and effort to open and promote their business.