You have to be willing to spend an awful lot in that R&D phase before you see the benefits. When you look at the companies that have really won customers over in technology - say, Apple and Google - you find that they spend billions of dollars on R&D each year, often spending that much on a product before they ever make a dime back in profits.
Technology is incredibly powerful. And in many ways, the sky is the limit in terms of what you can actually accomplish with the right science and the right technology. But to get there, you have to actually invest in R&D. And often that means you have to be willing to spend an awful lot in that R&D phase before you see the benefits.
Our friends up north spend over five billion dollars on research and development and all they seem to do is copy Google and Apple.
In the digital realm, companies are free from the friction of producing physical goods, and as a result, we see companies like Google go from zero dollars in revenues to billions at a much faster rate.
You look to Google, you see this incredible world of information, you see the advertising, but you also get Google Analytics. And Google Analytics coupled with Salesforce's sales and service and marketing means that both of our customers are going to have customer insights that they've never had before. That is really exciting.
There are billions of dollars spent every year on traditional media. The majority of people are spending more time every day on the Internet, especially on mobile. You're starting to see a shift of that spend go to mobile, especially to things like 'Instagram'.
The rich pay more in total taxes now than ever before - ever. It's true. Just like it's true that when the rich are convinced they're going to be taxed more, they spend less. And when the top few percenters don't spend, there goes all your spending, because they account for half of all retail spending.
If you look at it now from the Google perspective, how do you make billions of dollars? Hundreds of millions doesn't count anymore; how do you make billions? And that's the question we've been tasked. Is this a Google-scale business, or is this a nice business for a startup?
Jobs are just about the best they've ever been. We've created almost $4 trillion in wealth if you look at your stock values and you look at what's going on with our country. But we've created tremendous wealth. The enthusiasm and spirit on every single index is higher than it's ever been before for our manufacturers and for our companies. After spending billions of dollars defending other people's borders, we are finally going to defend our borders.
Man is unique in creation because he has a sense of justice and truth. We spend billions of dollars each year to set up court systems to see that justice is done, and we build prisons for those who transgress the laws we enact.
The fossil reserves that have already been discovered exceed what can ever be safely used. Yet companies spend half a trillion dollars each year searching for more fuel. They should redirect this money toward developing clean energy solutions
It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
Our eyeball hours are scarce, indeed. That's why Google wants us to do as much as possible online, in range of their ads, and is willing to spend billions creating more reasons and ways for us to do so.
Once people know that you can spend the money and that you're willing to spend the money and that you're set up to spend the money in politics, then your threat to spend the money is as convincing as actually spending it.
Ninety percent of cancers are curable in stage one. We spend billions of dollars and over 40 years searching for a cure, and we're not really that close. So why aren't we teaching people the only cure we have now? Early detection is one sh**ty year, versus the rest of your life.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.
The hybrid engine costs a lot of money, and customers are hardly willing to spend so much more for a car.