If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.

We might describe our world as having retail sanity, but wholesale madness.

Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future.

The idea of becoming an entrepreneur is something that is not taught very well in school and is something that people should try to do earlier on.

I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is how big these public goods are, where they exist, things of that sort.

Under perfect competition, in the long run no company makes an economic profit.

You want to be the last company in a category. Those are the ones that are really valuable.