A Quote by Jean-Philippe Courtois
At the end of the day, if you want to create more IP and more invention, you need to connect between research and entrepreneurs. People who are going to take a risk.
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Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.
I think, at the end of the day, you have to reduce friction to businesses, ideally to zero, so that more and more entrepreneurs can create more and more jobs with higher and higher disposable income.
In the end, I think that people that are not willing to take the risk to fail are not true entrepreneurs.
We don't need no more rappers, we don't need no more basketball players, no more football players. We need more thinkers. We need more scientists. We need more managers. We need more mathematicians. We need more teachers. We need more people who care; you know what I'm saying? We need more women, mothers, fathers, we need more of that, we don't need any more entertainers
When you take the entire system into account, ways of developing more of something in one dimension can actually create scarcities in another. If we say we have to increase production because people need more food, more housing, more meat, or more milk, we can make one thing grow in a certain way. But by doing that we create externalities so that there are scarcities in other related things.
In terms of getting people to experiment more and take more risk, there are at least three things that immediately come to my mind. Number one, of course, is role-modeling it yourself. Number two is when people take intelligent, smart risks and yet it doesn't work out, not shooting them. And number three, being honest with yourself. If the culture you have is radically different from an experiment and take-risk culture, then you have a big change you going to have to make—and no little gimmicks are going to do it for you.
We do not need more material development, we need more spiritual development. We do not need more intellectual power, we need more moral power. We do not need more knowledge, we need more character. We do not need more government, we need more culture. We do not need more law, we need more religion. We do not need more of the things that are seen, we need more of the things that are unseen. It is on that side of life that it is desirable to put the emphasis at the present time. If that side be strengthened, the other side will take care of itself.
The payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.
If we have more people on the receiving end of government - more people as the middle class becomes sucked in more and more to these entitlement programs, for example - then we're going to be in a place where it's going to be hard to go back. It's going to be hard to go back again. It's going to be hard to take away stuff. It's not impossible.
For me, I saw a psychologist because I wanted to connect more with people, with the earth, my environment. I want to connect more to my family.
I think that persistence and stubbornness and hard work are probably, at the end of the day, more important than the willingness to take a risk.
I understand the sentiments of the Palestinians when they see the settlements being built. The meaning from the Palestinian perspective is that Israel takes more land, that the Palestinian state will be impossible, the Israel policy is to take more and more land day after day and that at the end of the day we’ll say that it is impossible, we already have the land and cannot create the state.
When it comes down to it, at the end of the day, I need more out of my life and I need to push myself harder. And if at the end of the day I don't have it, then I don't have it, but at least I'm going to put myself out there. If I fail, I'm going to fail terrifically.
There are a number of traits that combine to create entrepreneurial potential. We find that openness coordinates very well with successful entrepreneurs. The more open-minded you are, the more you see the world as it actually is. The more closed-minded, the more you see the world as you want it to be.
You lower the [tax] rate, you will motivate and incentivize more people to put more capital at risk to create more jobs.
One of the problems with industrialism is that it's based on the premise of more and more. It has to keep expanding to keep going. More and more television sets. More and more cars. More and more steel, and more and more pollution. We don't question whether we need any more or what we'll do with them. We just have to keep on making more and more if we are to keep going. Sooner or later it's going to collapse. ... Look what we have done already with the principle of more and more when it comes to nuclear weapons.
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