In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

Monopoly is the condition of every successful business.

I do tend to think that things that have incredibly long time horizons often do involve market failures.

Probably the most extreme form of inequality is between people who are alive and people who are dead.

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

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

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.