Josh Kopelman Quotes

I care much more about the growth rate of the market than it's current size and I also care if there's any reason it's going to top out.

No one cares how valuable your product is if its addressable market is small. The key isn't so much the number of users as it is the dollar size of the market.

Developments in financial markets can have broad economic effects felt by many outside the markets.

What turned me on then, and turns me on even today - and when the time comes from me to retire from management I think I'd still be interested in it - is that everything that happens in the world affects the price of securities.

Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values

The bigger the world economy, the more powerful its smallest player.

It's a mistake to predict the size of markets that are so new. This model has shown no signs of slowing down. So we are going to get as much of it as we possibly can, and when we get close to that we'll figure out other problems.

In 1929 the discovery of the wonders of the geometric series struck Wall Street with a force comparable to the invention of the wheel.

California is our biggest economy. California is our biggest agricultural producer. So what happens here matters to every working American.

Haiti, which has been the main target of US intervention throughout the 20th century, is the poorest. And Guatemala, which is maybe the third major target of US intervention, probably ranks third poorest.

We think there is a parallel between federal involvement in education and the decline in profit over recent years.

Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.

there are all kinds of wonderful new inventions that give you nothing as owners except the opportunity to spend a lot more money in a business that's still going to be lousy. The money still won't come to you. All of the advantages from great improvements are going to flow through to the customers.

I think what's happened is that the general public has become much more aware of the destructive power of Wall Street.

If you establish, or reestablish, local economies on the right scale and with the right standard, then politics would come right as a matter of course. I don't know what you'd call the result - probably not capitalism or socialism.

The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.

When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly.

Higher energy prices act like a tax.

Globally local commerce is a $12 to $14 trillion market. If we get 10 percent of that, we'll be very happy.

Big business always serve - directly or indirectly - the masses.

When Hillary Clinton talks about adding more restrictions and complexity to our financial system, as she did in her economic policy speech, it shows how clueless she is about how the economy actually works.

The problem is this. The spread of markets outpaces the ability of societies and their political systems to adjust to them, let alone to guide the course they take

Unfortunately, the Environmental Protection Agency (EPA) has been especially aggressive in pursuing regulations that specifically target coal power plants. These regulations have already put hundreds of Pennsylvanians out of work and will continue to cause economic distress while yielding negligible benefits for our environment.

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in discounts, service, and quality, and wage changes, in overtime, perquisites and so on…. But to whatever extent the freeze is enforced, it will do harm by distorting relative prices.

You also really want to take the time to think about how the market is going to evolve.You need a market that's going to be big in 10 years.