There’s a certain irony in that we will — we would — do the best, over decades, if we operated in a market where people operated very foolishly. And the more people respond to short term events and exaggerated things or anything that causes people to get wildly enthusiastic or wildly depressed, actually, is what allows people to make lots of money in securities.

– Warren Buffett

Why should I search for some tiny, unimportant, hard-to-find new stupidity in my own field when some large, important, easy-to-find stupidity was just over the fence in the other fellow’s professional territory?

– Charlie Munger

A platform is when the economic value of everybody that uses it, exceeds the value of the company that creates it. Then it’s a platform.

– Bill Gates

Skepticism and pessimism aren’t synonymous. Skepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.

– Howard Marks

If you come from a wealthy family, you will have a nice life. But the drive to really get to the top often comes from people who didn’t have all those privileges.

– David Rubenstein

Science is an alliance of free spirits in all cultures rebelling against the local tyranny that each culture imposes on its children.

– Freeman Dyson

A good scientist is a person with original ideas. A good engineer is a person who works with as few original ideas as possible.

– Freeman Dyson

A panic is a fear bubble. We are in the middle of one.

– David Sacks

Innovation, like evolution, is a process of constantly discovering ways of rearranging the world into forms that are unlikely to arise by chance–and that happen to be useful…it means finding new ways to apply energy to create improbable things, and see them catch on. It means much more than invention, because the word implies developing an invention to the point where it catches on because it is sufficiently practical, affordable, reliable and ubiquitous to be worth using.

– Matt Ridley