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

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

I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is how big these public goods are, where they exist, things of that sort.

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.

All failed companies are the same: they failed to escape competition.

The most contrarian thing of all is not to oppose the crowd but to think for yourself.

I think markets are often not thinking on a long-time horizon, I think that our government structurally is doing even less so. When we have a government where we have people who are up for election at most once every six years for a U.S. senator, that's a time horizon that is much shorter than in a market that a company is looking at 10, 15, 20 years which is a time horizon over which a stock price is typically valued.