Every tech story is different. Every moment in history happens only once. All successful companies are successful in their own unique way. It's your task to figure out what that future history will be.

When you already have $150 billion a year in revenues from the iPhone, it's very hard to come up with any new vertical that will sort of move the dial. And there's this sort of weird effect where the larger a company gets, the harder it is to come up with any new product that really moves the dial.

Higher education holds itself out as a kind of universal church, outside of which there is no salvation.

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

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

When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly.

Thinking about how disturbingly herdlike people become in so many different contexts - mimetic theory forces you to think about that, which is knowledge that's generally suppressed and hidden. As an investor-entrepreneur, I've always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.