What an entrepreneur does is to build for the long run. If the market is great, you get all of the resources you can. You build to it. But a good entrepreneur is always prepared to throttle back, put on the brakes, and if the world changes, adapt to the world.

Now it will take a long time to scale biofuels, but I'm the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I'll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can't make fuel out of it.

In the long run, no nation can prosper unless the world prospers.

There are only two forces in the world, the sword and the spirit. In the long run the sword will always be conquered by the spirit.

Traders can cause short-term volatility. In the long run, the market must revert to a sensible price/earnings multiple.

I always believed that my silence on several topics will be an advantage in the long run.