Out of ten swings at the bat, you get maybe seven strikeouts, two base hits, and if you are lucky, one home run. The base hits and the home runs pay for all the strikeouts

Rule 1: All rules can be broken. Many (ex-legal and ethical) should be. Most people won't.

China is very entrepreneurial but has no rule of law. Europe has rule of law but isn't entrepreneurial. Combine rule of law, entrepreneurialism and a generally pro-business policy, and you have Apple.

There is the opportunity to do more and better if you're smaller and more nimble.

When I talk to entrepreneurs today, I feel like the grandfather who was in the Civil War.

Health care and education, in my view, are next up for fundamental software-based transformation.

There was a point in the late '90s where all the graduating M.B.A.'s wanted to start companies in Silicon Valley, and for the most part they were not actually qualified to do it.