Economists want their discipline to be a science, and they have nailed down a few precepts, but many of their debates are still clouded by ideology.

Risk is the sort of word that is easy to discuss upfront but tough to handle when it comes time to pay the piper. There will always be some who wimp out and second-guess when the pain hits, but that is a childish reaction.

I've never filed a patent lawsuit. I hope never to file a patent lawsuit. That may be unrealistic, but it would be great if I could avoid doing it... Lawsuits are a ridiculous way to do business.

No CEO ever says, 'Damnit, we need to increase research!' I want to encourage them to do that.

Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.

If you talk about sous-vide, then you have to talk about food safety, and microbiology, and heat.

The world has shown that if you provide capital and expertise to an area that is starved for capital and expertise, really good things will happen.