Money is an information system for labor allocation

“I think I have a pretty deep understanding of what Money actually is on a practical day to day basis because of paypal. right now, the money system for practical purposes is really a bunch of heterogeneous mainframes running old COBOL. Literally.” ― Elon Musk

“You’ve worn me down” is an awful decision-making process. It’s slow and de-energizing. Go for quick escalation instead – it’s better.” ― Jeff Bezos

“Second, most decisions should probably be made with somewhere around 70 percent of the information you wish you had. If you wait for 90 percent, in most cases, you’re probably being slow. Plus, either way, you need to be good at quickly recognizing and correcting bad decisions. If you’re good at course correcting, being wrong may be less costly than you think, whereas being slow is going to be expensive for sure.” ― Jeff Bezos

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.” ― Warren Buffett

“I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.” ― Warren Buffett

“The stock market is a device for transferring money from the impatient to the patient.” ― Warren Buffett

“Having two identities for yourself is an example of a lack of integrity.” ― Mark Zuckerberg

Think about what people are doing on Facebook today. They're keeping up with their friends and family, but they're also building an image and identity for themselves, which in a sense is their brand. They're connecting with the audience that they want to connect to. It's almost a disadvantage if you're not on it now. ― Mark Zuckerberg

“The vision is really about empowering workers giving them all the information about what’s going on so they can do a lot more than they’ve done in the past.” ― Bill Gates

“There’s no magic line between an application and an operating system that some bureaucrat in Washington should draw. It’s like saying that as of 1932, cars didn’t have radios in them, so they should never have radios in them.” ― Bill Gates

“There’s one last way we can cut down on emissions from the food we eat: by wasting less of it. In Europe, industrialized parts of Asia, and sub-Saharan Africa, more than 20 percent of food is simply thrown away, allowed to rot, or otherwise wasted. In the United States, it’s 40 percent. That’s bad for people who don’t have enough to eat, bad for the economy, and bad for the climate. When wasted food rots, it produces enough methane to cause as much warming as 3.3 billion tons of carbon dioxide each year.” ― Bill Gates

“Business is a money game with few rules and a lot of risk.” ― Bill Gates

“In my view, investing in public libraries is an investment in the nation's future." ― Bill Gates

“Solar cells, for example, got almost 10 times cheaper between 2010 and 2020, and the price of a full solar system went down by 11 percent in 2019 alone.” ― Bill Gates

“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” ― Jeff Bezos

“The death knell for any enterprise is to glorify the past -- no matter how good it was.” ― Jeff Bezos

“what’s good for customers is good for shareholders.” ― Jeff Bezos

“The missionary is building the product and building the service because they love the customer, because they love the product, because they love the service. The mercenary is building the product or service so that they can flip the company and make money.” ― Jeff Bezos

“the quality of customer experience a partner delivers is the single most important criteria in our selection process—we simply won’t build a partnership with any company that does not share our passion for serving customers.” ― Jeff Bezos

“Einstein, likewise, realized how important it is to interweave the arts and the sciences. When he felt stymied in his quest for the theory of general relativity, he would pull out his violin and play Mozart, saying that the music helped connect him to the harmony of the spheres.” ― Jeff Bezos