Occupation: Entrepreneur Birth: October 11, 1967
Under perfect competition, in the long run no company makes an economic profit..
I think in my twenties I tended to think of all people as sort of more or less alike. In now think that people are really different in all these subt….
We need more pessimism that the future might be a lot worse, and we need more optimism that the future might be better..
The college kids should think hard about what they're doing. If you have a great idea for a company, there's no right time to start it, and it's ofte….
There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don….
Consider the trivial but revealing hallmarks of urban hipsterdom: faux vintage photography, the handlebar mustache, and vinyl record players all hark….
I'm in favor of free trade, but I think if you had to make a choice between having technological progress versus free trade, you had one or the other….
There is perhaps no specific time that is necessarily right to start your company or start your life. But some times and some moments seem more auspi….
Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women - two constituencies that are notoriously tough fo….
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 co….
A true bubble is when something is overvalued and intensely believed..
Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important tha….
The road doesn’t have to be infinite after all. Take the hidden paths..
If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth..
Society is secretly driven by sales.
For a new payment product, you always have to ask, how much better is it than the current solution? So when we started Paypal, for eBay micro merchan….
Whatever the career, sales ability distinguishes superstars from also-rans..
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 governm….
For Hamlet, greatness means willingness to fight for reasons as thin as an eggshell: anyone would fight for things that matter; true heroes take thei….
As an investor-entrepreneur, I’ve always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not lo….
People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where th….