When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.
When Henry Ford made cheap, reliable cars people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked.
When I spent time with my father, it wasn't playing ball in the back yard. I came to his office and listened to him do business or sat in on meetings. I walked job sites. On Saturday, we'd see my grandfather in Queens for a couple hours, and then he'd say, 'Let's go collect rent!'
A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.
Nassim Nicholas Taleb
When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
Who has no thirst has no business at the foundation.
What's everybody's business is nobody's business.
What isn't your duty isn't your business.