People generally worry about social networking more than they need to. In kind of consumer internet investing and on social and professional networks, I kind of look at time spending and time efficiency. You know, time saving sites. So on time spending sites, things where you play lots of games or that sort of thing, you might worry about a productivity loss if people are spending a lot of time doing that. So if there's a lot of kind of addictive gaming going on during work hours, that won't be as helpful to you.

Be persistent, and hang on to your vision. And at the same time, be flexible.

You have to be constantly reinventing yourself and investing in the future.

At Silicon Valley, I'm extremely sympathetic to the revolutionary response. I not only agree with it emotionally. I agree with it practically. And the only thing I disagree with is, I don't think Donald Trump is that. Trump is blow it up for no good reason at all. You want to actually do revolution with a target, with an idea, with building a new system.

You gotta be both flexible and persistent.

Boom and bust cycles are very difficult for businesses because you're hiring a bunch because you're planning for the future. And if the future is going to be very big, you need to hire people, or suddenly you go to boom to bust, then all of a sudden, you're kind of battening down the hatches and trying to sail, you know, through the storm, it's a different thing. So part of it is making good decisions about, well, how long is a boom cycle going to be, you know, don't plan on it going forever.

Society flourishes when people think entrepreneurally.