The value of failure is greatly over-rated. It's a preposterous myth.

The value of failure is greatly over-rated. It's a preposterous myth.

Most people are average. Founders are not. Founders' traits seem to have an inverse normal distribution to them.

All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition.

Every business is successful exactly to the extent that it does something others cannot.

I'm in favor of free trade, but I think if you had to make a choice between having technological progress versus free trade, you had one or the other, you should always pick technological progress. I think it's an incredibly important variable for creating more prosperity.

People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where the progress has been a lot more limited than people think. And the question is why.