Luck is like an atheistic word for God.

Big part of the challenge to innovation is that people too easily resign themselves to dying.

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.

The road doesn’t have to be infinite after all. Take the hidden paths.

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

Twitter is hard to evaluate. They have a lot of potential. It's a horribly mismanaged company — probably a lot of pot-smoking going on there. But it's such a solid franchise it may even work with all that.

A company does better the less it pays the CEO.