You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you're too inefficient.
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.
If you aren't playing well, the game isn't as much fun. When that happens I tell myself just to go out and play as I did when I was a kid.
Publishing is a very mysterious business. It is hard to predict what kind of sale or reception a book will have, and advertising seems to do very little good.
First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense.
The bottom-up, loosely-coupled, bilateral and multi-stakeholder practices that have created the network of networks we call the Internet allow for a broad range of business models.
In business, every phase of things counts. Companies that just yell out a low price today to win business aren't going to make money in the long term.
Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business.
The License Raj in India was a time when, to set up an industry, you needed a license. Which made the government an omnipresent and sort of all-pervasive authority.
I drink coffee in the morning and a few cups throughout the day. Among coffee's health benefits are lower risk of Parkinson's, Type 2 diabetes, heart disease and dementia.
If your access to health care involves your leaving work and driving somewhere and parking and waiting for a long time, that's not going to promote healthiness.
Well, the thought that everybody might have a personal computer at their desk or their home was certainly not on the mainstream of anybody's activity at that time.
My father is my idol, so I always did everything like him. He used to work two jobs and still come home happy every night.
I actually don't hope for a legacy. I think that it impedes your ability to make the hard decisions if you sit around saying, 'How will this affect my legacy?'
We are involved in technology development for, you know, missions that we hope to plan that would take us to an asteroid and eventually to Mars.
I hope that energy-efficient LED light bulbs will help reduce energy use and lower the cost of lighting worldwide.
Kai-Fu's Innovation Works is the top very-early-stage fund in China. We are proud to be an investor, and hope that IW will help to produce in China companies on the scale of Facebook, Zynga, or Groupon.
In looking for humor, keep in mind this guideline: Sometimes it takes a little time to see the humor in your upsets; you may not find something to laugh about immediately.
Libraries have had a long history of dealing with authoritarian organizations demanding reader records - who's read what - and this has led to people being rounded up and killed.
A pacifist will often - at least nowadays - be an internationalist and vice versa. But history shows us that a pacifist need not think internationally.
All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!
