You'll attract the employees you need if you can explain why your mission is compelling: not why it's important in general, but why you're doing something important that no one else is going to get done.

All failed companies are the same: they failed to escape competition.

The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.

Monopoly is the condition of every successful business.

I think markets are often not thinking on a long-time horizon, I think that our government structurally is doing even less so. When we have a government where we have people who are up for election at most once every six years for a U.S. senator, that's a time horizon that is much shorter than in a market that a company is looking at 10, 15, 20 years which is a time horizon over which a stock price is typically valued.

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

If people were super-optimistic about technology there would be no reason to be pessimistic about the future.