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

If you think about basic science or coming up with new theories of mathematics, these are not the kinds of things which are necessarily a well-defined market to pay people.

The most successful businesses have an idea for the future that's very different from the present.

A lot of the key to Apple's succes is Designing technology in order to hide it.

In a world of scarce resources, globalization without new technology is unsustainable.

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.