In a world of scarce resources, globalization without new technology is unsustainable.

Darwinism may be a fine theory in other contexts, but in startups, intelligent design works best.

There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.

I do think Tim Cook is doing a very good job, I think he has almost impossibly big shoes to fill with Steve Jobs' departure. And so, that's the context always someone has to put things in. But, I do think that for the most part that Apple is at a point where it's much more focused on scale than on doing new things.

You have as much computing power in your iPhone as was available at the time of the Apollo missions. But what is it being used for? It’s being used to throw angry birds at pigs; it’s being used to send pictures of your cat to people halfway around the world; it’s being used to check in as the virtual mayor of a virtual nowhere while you’re riding a subway from the nineteenth century.

We need more pessimism that the future might be a lot worse, and we need more optimism that the future might be better.

First, only invest in companies that have the potential to return the value of the entire fund.