“The absolute balance of Give and Take, the doctrine that every thing has its price—and if that price is not paid, not that thing but something else is obtained, and that it is impossible to get any thing without its price—is not less sublime in the columns of a ledger than in the budgets of states.”
Ralph Waldo Emerson
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.”
— Ernest Hemingway Primary source“The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other.”
— Bill Gates Primary source“If you tax too high, the revenue will yield nothing.”
— Ralph Waldo Emerson Primary source“It is paradoxical and disturbing to us that economists have long praised foolish spending as a necessary ingredient of a successful economy.”
— Charlie Munger Primary source“The only safe rule is found in the self-adjusting meter of demand and supply.”
— Ralph Waldo Emerson Primary source“Now when a country does not pay its debts you cannot take its word on anything.”
— Ernest Hemingway Primary source“I find it quite useful to think of a free market economy—partly free market economy—as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.”
— Charlie Munger Primary source“Computing is a good historical example where lower costs actually caused the overall market to grow.”
— Bill Gates Primary source“Capitalism works best when there is trust in the system.”
— Charlie Munger Primary source“First things first.”
— Franklin D. Roosevelt Primary source“640K ought to be enough for anybody.”
— Bill Gates DisputedArtificial Intelligence Technology Trust Cause and Effect Computer Programming