If you didn't have patents, no one would bother to spend money on research and development. But with patents, if someone has a good idea and a competitor can't copy it, then that competitor will have to think of their own way of doing it. So then, instead of just one innovator, you have two or three people trying to do something in a new way.

My interest in film is sort of catholic - apart from science fiction and horror movies, I'll watch almost everything.

As a modern employer you have to treat people well.

Everybody recognizes that if you can make very efficient electric motors, you can make a quantum leap forward.

Everyone gets knocked back, no one rises smoothly to the top without hindrance. The ones who succeed are those who say, right, let’s give it another go.

Emerging markets are hugely important.

China can and will be an invaluable trading partner to both the U.S. and the U.K.