Under perfect competition, in the long run no company makes an economic profit.

EVERY MOMENT IN business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them.

In the developed world, technological progress means that you can have a situation where there's growth, where there's a way in which everybody can be better off over time.

It's a horribly mismanaged company-probably a lot of pot smoking going on there.

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.

Moving first is a tactic, not a goal.

Secrets are hard but solvable problems and we should talk about them. It's hard to work toward a radically better future if you don't believe in secrets.