We need more pessimism that the future might be a lot worse, and we need more optimism that the future might be better.

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.

All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition.

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

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

For Hamlet, greatness means willingness to fight for reasons as thin as an eggshell: anyone would fight for things that matter; true heroes take their personal honor so seriously they will fight for things that don’t matter.

Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.