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

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.

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.

Recruiting is a core competency for any company. It should never be outsourced.

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.

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.

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