The goal of economics is to understand how to allocate scarce resources in the most efficient way possible.

The Goal Isn't to Beat Others, But to Beat Yourself.

Is there any relief from some of thesepressures that I've been outlining? I think there is. I just want to turn to afew of them. Let's take meritocracy. This idea that everybody deserves to getwhere they get to, I think it's a crazy idea, completely crazy. I will support any politician of Left and Right, with any halfway-decent meritocratic idea; I am a meritocrat in that sense. But I think it's insane to believe that we will ever make a society that is genuinely meritocratic; it's an impossible dream.

The future competition is about data, and even more about data processing capabilities.

Safety must always come first, no matter the cost.

在不确定的时期，蓬勃发展的公司是那些保持敏捷并将价值观置于核心的公司。

In mining, trust is earned through transparency and consistent action.