Joe Lonsdale Quotes

The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas having prospects of profitability, how adept it is at identifying and nourishing the ideas with the best prospects, and how prepared it is in evaluating and trying out the new products and methods that are launched onto the market.

You don't do a business for pleasure: You have to make money.

Competition is good and has served us well.

I think the understanding of the role of markets has really helped advance the values of entrepreneurship. It's helped shape public policy discussions in a whole variety of ways.

Contrary to popular opinion, the hustle is not a new dance step - it is an old business procedure.

Business is in itself a power.

Capitalism, after all, is no fun when real failure becomes a possibility.

Internally, when we manage portfolios, we figure out what works in large cap, what works in mid cap, what works in small cap. Generally speaking, large cap stocks want earning stability, strong cash flow, margin expansion.

I don't want to do business with those who don't make a profit, because they can't give the best service.

If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.

You know, capital isn't patriotic. Capital goes to where it needs to go to get a return.

Under capitalism each individual engages in economic planning.

I get a bit of a kick out of exporting private enterprise and incentives.

What's immediately profitable is the only kind of logic that capitalism understands.

But in the free market system, you're forced to change.

But you don't get into a business because of personal tastes.

I'm a big believer in free enterprise. If people want to try it, then go for it.

Capitalism is that form of private property economy in which innovations are carried out by means of borrowed money.

You can invest as much as you want in infrastructure and education. But in the end people have to be allowed to make a profit from their work.

Traditionally, we think that people with ideas are innovators - that Silicon Valley is the world of ideas. But within the hedge-fund world, they believe that they are men of ideas - that the trade is unto itself one of ideas.

I've made a payroll. I know what it's like to execute a business plan. I know what it's like to expect the proper return on investment... and I know you can't spend your way out of debt.

The successful entrepreneurs on the free market will be the ones most adept at anticipating future business conditions. Yet, the forecasting can never be perfect, and entrepreneurs will continue to differ in the success of their judgments. If this were not so, no profits or losses would ever be made in business.

You have to have a business model you believe in and like.

My business is the art of balancing the need to make money with the desire to create.

Why can't modern tech companies both grow and turn a profit at the same time?