I think somehow people should be encouraged to think about a very long time horizon and I think this is true for businesses, it's true for governments and it's true for people doing things in the non-profit sector.

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.

Whatever the career, sales ability distinguishes superstars from also-rans.

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

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

A true bubble is when something is overvalued and intensely believed.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.