You want failures to be small and informational. Silicon Valley does very well. It knows how to use failure as a tool for improvement.

People work out, they stress their body, and their body gets stronger from stress.

The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.

Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

In poor countries, officials receive explicit bribes; in D.C. they get the sophisticated, implicit, unspoken promise to work for large corporations

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.