There are no solutions; there are only trade-offs.
Better reap two days too soon than one day too late
If you risk nothing, then you risk everything.
We regret the things we don't do more than the things we do.
People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I'm actually as proud of the things we haven't done as the things I have done. Innovation is saying no to 1,000 things.
You miss 100% of the shots you don't take.
Don't worry about failures, worry about the chances you miss when you don't even try.
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
The essence of strategy is choosing what not to do.
The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.
Everything has its price - and if that price is not paid, not that thing but something else is obtained... it is impossible to get anything without this price.
If we guard our toothbrushes and diamonds with equal zeal, we will lose fewer toothbrushes and more diamonds.
You know, you only get to live life once, so there are two things that that yields. One is that there's no point in crying over spilt milk, but secondly you hate wasting time, energy, and whatever talent you've got.
Generally you should act somewhere between P40 and P70, as I call it. Sometime after you have obtained 40 percent of all the information you are liable to get, start thinking in terms of making a decision. When you have about 70 percent of all the information, you probably ought to decide, because you may lose an opportunity in losing time.
The price of anything is the amount of life you exchange for it.
Don't wait. The time will never be just right.
The biggest risk is not taking any risk... In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.
Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.
Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.
The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
Time is more value than money. You can get more money, but you cannot get more time.
There is no such thing as Something for nothing.
Time is the only luxury. It's the only thing you can't get back. If you lose your luggage - I'm not gonna say the obvious brand of luggage that I'd normally say because I've got a meeting with them soon - if you lose your expensive luggage at the airport, you can get that back. You can't get the time back.
Beware of missing chances; otherwise it may be altogether too late some day.
Anything free is worth what you pay for it
