I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.

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

When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.

I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.

Maximum of an average is necessarily less volatile than the average maximum

Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.

Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.