Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies

Almost every dot-com idea from 1999 that failed will succeed.

The Internet has always been, and always will be, a magic box.

We call it the 'Rule of Crappy People'. Bad managers hire very, very bad employees, because they're threatened by anybody who is anywhere near as good as they are.

Google is working on self-driving cars, and they seem to work. People are so bad at driving cars that computers don't have to be that good to be much better.

There will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it's really really hard to predict those. I don't believe anyone can.

If we're in a bubble, it's the weirdest bubble I've ever seen, where everybody hates everything.